Elena loves orange juice. she reads in the newspaper that 20 percent of the florida orange crop was destroyed by a late spring frost. economists predict that the price of oranges will rise by 50 percent by the end of the year. as a result, elena's demand for orange juice a. shifts left today. b. decreases as she looks for a substitute good. c. will increase but not until the end of the year. d. increases today.

Jose recently died with a probate estate of $900,000. he was predeceased by his wife, guadalupe, and his daughter, lucy. he has two surviving children, pete and fred. jose was also survived by eight grandchildren, pete’s three children, naomi, daniel, nick; fred’s three children, heather, chris and steve; and lucy’s two children, david and rachel. jose’s will states the following “i leave everything to my three children. if any of my children shall predecease me then i leave their share to their heirs, per stirpes.” which of the following statements is correct? (a) under jose’s will rachel will receive $150,000. (b) under jose’s will chris will receive $150,000. (c) under jose’s will nick will receive $100,000. (d) under jose’s will pete will receive $200,000.