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Imagine there is a big freeze in Florida and orange trees are damaged. Fewer oranges are available but the demand for oranges stays the same.
Imagine there is a big freeze in Florida and orange trees are damaged. Fewer oranges are available but the demand for oranges stays the same. What will happen to the price of oranges? Group of answer choices Oranges from the last growing season will keep prices stable It will depend on how long the trees stay damaged and do not produce fruit Less supply and less demand equals lower prices Less supply and more demand equals higher prices
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