A period of bad weather hurt the orange grooves in Florida from where many of the orange grown for juice. Come supplies of oranges drop greatly because of the bad weather what is the most likely effect on the price of the orange
The most likely effect on the price of oranges would be an increase. When supplies of oranges drop greatly due to bad weather affecting the orange groves in Florida, there would be a decrease in the supply of oranges available in the market. As a result, the demand for oranges would exceed the supply, leading to an increase in the price of oranges.
