Author Question: A freeze in Florida's orange growing regions will: A) result in a sharp increase in the price of ... (Read 81 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?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

For a complete list of videos, visit our video library