The weather report says that a devastating and unexpected freeze is expected to hit Florida tonight during the peak of the citrus harvest. In an efficient market, one would expect the price of Florida Orange's stock to

A) drop immediately.
B) unable to determine.
C) increase immediately.
D) gradually decline for the next several weeks.
E) gradually increase for the next several weeks.

Efficient Market

A market hypothesis stating that stock prices fully reflect all available information, making it impossible to have consistently higher returns.

Citrus Harvest

The collection or gathering of citrus fruits, such as oranges and lemons, which can significantly impact agricultural economies and markets.

Florida Orange

Refers to oranges produced in Florida, significant for their contribution to the U.S. juice market and sensitivity to weather-related events impacting prices.