A hurricane in Florida wipes out citrus groves throughout the state. What will definitely happen in the market for orange juice? (1 point)
Othe supply of apple juice (a substitute good) will increase
Othe price of apple juice (a substitute good) will decrease
Othe price of orange juice will increase
O people will not want to buy orange juice
The correct answer is: The price of orange juice will increase.
The hurricane wiping out citrus groves in Florida will significantly reduce the supply of oranges, the main ingredient in orange juice. With a decrease in supply, the market equilibrium will shift, leading to an increase in the price of orange juice.