What will be the effects of a severe Florida freeze on the price of orange-juice-concentrate futures and what will occur as a result?

A) The futures price will fall and less orange juice will be consumed currently.
B) The futures price will fall and more orange juice will be consumed currently.
C) The futures price will rise and less orange juice will be consumed currently.
D) The futures price will rise and more orange juice will be consumed currently.


C

Economics

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