Brrr charge on any smoothie containing oranges

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Reference no: EM131235977

1. Please explain how this reading is related to economics and the class?

In Dallas, all of the Jamba Juice outlets( which sell smoothies and related products) have placed a ''Brrr charge '' on any smoothie containing oranges or orange juice. Apparently, there was a freeze in Florida, causing a decrease in the supply of oranges. This raised the price of oranges, a crucial input into oranges smoothies, causing the supply of oranges smoothies to shift leftward, too. The rise in the price of the oranges smoothies will in turn affect the demand in a closely related market for banana smoothies. I would think that the demand curve for banana smoothies shifted outward, and Jamba Juice and similar stores are seeing more demand for substitutes for orange smoothies and setting higher prices for those, too.

2. what do you think these changes will have done to the demand for ''slushies'' at 7-eleven?

Reference no: EM131235977

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Brrr charge on any smoothie containing oranges : In Dallas, all of the Jamba Juice outlets( which sell smoothies and related products) have placed a ''Brrr charge '' on any smoothie containing oranges or orange juice. Apparently, there was a freeze in Florida, causing a decrease in the supply of or..

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