Respuesta :
Answer:
the supply curve.
Step-by-step explanation:
Since orange crops were damaged by the severe freeze, producers weren't able to keep the same supply. Supply will decrease (leftward shift of the supply curve) while demand stays the same, resulting in a higher equilibrium price.
*Note that there is no shift of the demand curve since demand is not affected by the damaged crops.
Supply curve graphic representation of the relationship between product price and quantity of product that a seller is willing and able to supply.
Product price is measured on the vertical axis of the graph and quantity of product supplied on the horizontal axis.
Since orange crops were damaged by the severe freeze, producers weren't able to keep the same supply.
Supply will decrease (leftward shift of the supply curve) while demand stays the same, resulting in a higher equilibrium price.
The cost of inputs, such as materials and parts that go into a certain product, wages and other business costs, affect the supply curve. If the cost of inputs for a good increase, suppliers tend to make fewer units, and if the cost of inputs falls, suppliers tend to make more units.
A severe freeze has once again damaged the Florida orange crop. impact on the market for orange juice will be a leftward shift of:
When the cost to produce good rises in inventory, the seller will be less willing to deliver that same amount at a particular price and the supply curve will move to the left.
There is no shift of the demand curve since demand is not affected by the damaged crops.
For more information about Equilibrium click the link given below.
https://brainly.com/question/14409189?
