Macroeconomics – Supply, Demand and Market Equilibrium

Here is a question that is designed for macroeconomics, you will have to demonstrate a graph model that presents the original question and then pick an answer and demonstrate a graph that corresponds to the question as well ( explain about the demand and supply curve )

1. For decades, the U.S government burned millions of oranges at the end of most growing seasons because…

A. The market for oranges was expanding

B. A price floor was effective

C. A price ceiling was ineffective

D. Supply and demand both shifted right at harvest time

 
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