Macroeconomics – Supply, Demand and Market Equilibrium

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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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