bad weather and heavy frost have wiped out a large amount of the orange and grapefruit crops in florida. as…

bad weather and heavy frost have wiped out a large amount of the orange and grapefruit crops in florida. as a result, the number of us oranges and grapefruits available to make juices or sell as fresh fruit is greatly reduced. how will this shortage most likely affect prices? juice factories will lower prices for both kinds of fruit juices. producers will receive less money for each piece of fruit. consumers will pay more for these items at the grocery store. grocery stores will be able to buy the products for less.

bad weather and heavy frost have wiped out a large amount of the orange and grapefruit crops in florida. as a result, the number of us oranges and grapefruits available to make juices or sell as fresh fruit is greatly reduced. how will this shortage most likely affect prices? juice factories will lower prices for both kinds of fruit juices. producers will receive less money for each piece of fruit. consumers will pay more for these items at the grocery store. grocery stores will be able to buy the products for less.

Answer

Brief Explanations:

Based on the law of supply - demand, when supply (amount of oranges and grapefruits) decreases while demand remains the same or increases, prices rise. Juice factories won't lower prices as their input costs (fruits) are higher. Producers won't receive less as the scarcity allows them to charge more. Grocery stores won't buy for less as there is less supply. Consumers will face higher prices at the grocery store due to the reduced availability of the fruits.

Answer:

Consumers will pay more for these items at the grocery store.