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Citrus Speculation and Forecasting Inc. has been hired bby a Private Consortium f orange growers to predct what will happen to te price and output of oranges under the conditions below. What are your predictions? Fore each part, sketch a graph showingthe appropriate demand and supply demand analysis.A major freeze destroys a large number of the orange trees in FloridaThe scientists in the agricultural extension service of the university of Florida discover a way to double the number of oanges produced by each orange tree.The american Medical Association announces that rinking juice can reduce the risk of heart attack.The price of grapefrit falls.
Citrus Speculation and Forecasting Inc. has been hired by a Private Consortium of orangegrowers to predict what will happen to the price and output of oranges under the conditionsbelow. What are…
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