3) In 2004, hurricanes destroyed a large portion of Florida's orange and grapefruit crops. In the market for citrus fruit, A. the demand curve shifted to the right resulting in an increase in the equilibrium price. B. the demand curve shifted to the left resulting in a decrease in the equilibrium price. C. the supply curve shifted to the right resulting in an increase in the equilibrium price. D. the supply curve shifted to the left resulting in an increase in the equilibrium price.

If the ceo of a large, diversified, firm were filling out a fitness report on a division manager (i.e., "grading" the manager), which of the following situations would be likely to cause the manager to receive a better grade? in all cases, assume that other things are held constant.a. the division's basic earning power ratio is above the average of other firms in its industry.b. the division's total assets turnover ratio is below the average for other firms in its industry.c. the division's debt ratio is above the average for other firms in the industry.d. the division's inventory turnover is 6, whereas the average for its competitors is 8.e. the division's dso (days' sales outstanding) is 40, whereas the average for its competitors is 30.