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30 June, 06:06

When a hurricane rips through Florida, the price of oranges rises because the demand curve shifts to the left. supply curve shifts to the right. demand curve shifts to the right. supply curve shifts to the left. supply and demand curves both shift to the left.

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  1. 30 June, 06:30
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    Supply curve shifts to the left.

    Explanation:

    It is know that Florida is the biggest orange producer in America, when a hurricane rips through Florida, there is no change in demand, so the demand curve remains unaltered. As for the supply curve, the hurricane is likely to destroy orange crops causing a shortage in supply which corresponds to a shift to the left by the supply curve.

    The answer is: supply curve shifts to the left.
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Home » Business » When a hurricane rips through Florida, the price of oranges rises because the demand curve shifts to the left. supply curve shifts to the right. demand curve shifts to the right. supply curve shifts to the left.
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