In the orange market, what impact would an increase in the price of oil that orange growers burn to keep oranges from freezing in the winter have on the market?

A) It would shift the supply curve to the right.
B) It would shift the supply curve to the left.
C) It would shift the demand curve to the left.
D) It would shift the demand curve to the right.

Price Of Oil

The cost at which crude oil is bought and sold, influenced by global supply and demand, geopolitical issues, and economic conditions.

Supply Curve

A graph that illustrates the relationship between the price of a good or service and the amount of it that producers are willing to supply at each price level.

Orange Market

A specific sector for trading or selling oranges, which can serve as a proxy for understanding supply and demand dynamics in agricultural markets.