Author Question: A freeze in Florida's orange growing regions will: A) result in a sharp increase in the price of ... (Read 67 times)

skymedlock

  • Hero Member
  • *****
  • Posts: 561
A freeze in Florida's orange growing regions will:
 
  A) result in a sharp increase in the price of oranges in the short run because demand and supply are highly inelastic.
  B) result in a sharp increase in the price of oranges in the short run because demand and supply are highly elastic.
  C) result in a sharp decrease in the price of oranges in the short run because demand is highly inelastic and supply is highly elastic.
  D) result in little change in the price of oranges in the short run because supply is infinitely elastic.

Question 2

A point lying beyond the utilities possibilities frontier is
 
  A) unattainable.
  B) efficient.
  C) inefficient.
  D) profitable.



kbennett34

  • Sr. Member
  • ****
  • Posts: 333
Answer to Question 1

A

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

For a complete list of videos, visit our video library