in 2021, frost badly damaged the orange crop in texas. the crop loss caused orange prices to increase…

in 2021, frost badly damaged the orange crop in texas. the crop loss caused orange prices to increase. according to the law of demand, what will happen to the quantity of oranges demanded, given this price change? the quantity demanded will either rise or fall, depending on other factors. the quantity demanded will decrease. the quantity demanded will increase. the quantity demanded will be unaffected by this event.

in 2021, frost badly damaged the orange crop in texas. the crop loss caused orange prices to increase. according to the law of demand, what will happen to the quantity of oranges demanded, given this price change? the quantity demanded will either rise or fall, depending on other factors. the quantity demanded will decrease. the quantity demanded will increase. the quantity demanded will be unaffected by this event.

Answer

Brief Explanations:

The law of demand states that, ceteris paribus (all other things being equal), as the price of a good increases, the quantity demanded of that good decreases. Here, the price of oranges has increased due to crop - loss, so according to the law of demand, the quantity demanded will decrease.

Answer:

The quantity demanded will decrease.