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A period of bad weather hurt the orange groves in Florida, from where many of the oranges grown for juice come. Supplies of oranges dropped greatly because of the bad weather. What is the most likely effect on the price of orange juice? ( OPrices will drop because people will buy less orange juice. Prices will stay he same because oranges and orange juice are not the same good. Prices will rise because the orange market and the orange juice market are closely connected. It is impossible to tell whether prices will change.​

1 Answer

2 votes

Answer:

c) Prices will rise because the orange market and the orange juice market are closely connected

Step-by-step explanation:

if there are less oranges, there will be less orange juice, and the price will rise because of the scare supply, orange juice will be in more demand

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User Neara
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