Business, 11.03.2020 03:07 snlawson9053

Assume the market for oranges is perfectly competitive. If the demand for oranges increases, will the market supply additional oranges? If the demand for oranges increases, then the marketA. will not supply additional oranges because oranges produced by different sellers are differentiated.

B. will supply additional oranges because producers seek the highest return on their investments.

C. will supply additional oranges because government bureaucrats will order additional orange production.

D. will not supply additional oranges because consumers are not willing to pay higher prices for fruit.

E. will not supply additional oranges because producers are price takers.

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Assume the market for oranges is perfectly competitive. If the demand for oranges increases, will th...