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tlc_71111 tlc_71111
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2 years ago
In 2004, hurricanes destroyed a large portion of Florida's orange and grapefruit crops. In the market for citrus fruit in 2004

• the supply curve shifted to the right resulting in an increase in the equilibrium price.

• the supply curve shifted to the left resulting in an increase in the equilibrium price.

• the demand curve shifted to the right resulting in an increase in the equilibrium price.

• the demand curve shifted to the left resulting in a decrease in the equilibrium price.
Textbook 

Microeconomics


Edition: 7th
Authors:
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Do What Makes You Come Alive
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rand22rand22
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2 years ago
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the supply curve shifted to the left resulting in an increase in the equilibrium price.
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2 years ago
Helps a lot... Now I'm ready for my quiz
Do What Makes You Come Alive
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4 weeks ago
Thanks
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