Consider the following events: Scientists reveal that eating oranges decreases the risk of diabetes, and at the same time, farmers use a new fertilizer that makes orange trees produce more oranges. What are the net effects on the equilibrium price and quantity of oranges?
a. An increase in the price of oranges, the change in equilibrium quantity is uncertain.
b. A decrease in the price of oranges, the change in equilibrium quantity is uncertain.
c. An increase in the equilibrium quantity of oranges, the change in equilibrium price is uncertain.
d. A decrease in the equilibrium quantity of oranges, the change in equilibrium price is uncertain.
Answers: 3
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