If there is a cold spell that ruins many crops of oranges growing in Florida, how will this affect consumers' purchasing behaviour of oranges?
A) They will not buy oranges at all.
B) They will buy less due to the increase in price.
C) They will buy no more or less due to the increase in price.
D) They will buy more due to the increase in price.

Question

Quizplus · Accepted Answer

If there is a cold spell that ruins many crops of oranges growing in Florida, the supply of oranges will decrease, causing an increase in their price. As a result, consumers will be less likely to purchase as many oranges as they would have at the original price. Therefore, the most likely scenario is that they will buy less due to the increase in price.

If There Is a Cold Spell That Ruins Many Crops