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Poor demand since the production

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Reference no: EM131376642

You mentioned

"Prices of orange juices in the United States are rising despite the fact that poor demand since the production from Florida has been halted and so the supply of orange juices have decreased. Since the supply is affected by factors other than the price, the supply curve of oranges shifts to the left, raising the price."

What you're saying here is that demand is low because supply is low, and supply is low because orange production in Florida has halted.

You then state "the supply is affected by factors other than the price, the supply curve of oranges shifts to the left, raising the price." If the price goes up, what happens to demand in accordance with the law of demand?

Please respond in 100 words or more.

Reference no: EM131376642

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