*6. Suppose that a hard freeze destroys a large portion of the Florida orange crop. At the...
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*6. Suppose that a hard freeze destroys a large portion of the Florida orange crop. At the same time, the Journal of the American Medical Association releases the results of a new study showing that drinking large quantities of orange juice substantially reduces one’s risks of both heart disease and cancer. What is the likely effect of these two events on the price of orange juice? On the quantity of orange juice sold?
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Related Book For
Microeconomics
ISBN: 9780716759751
1st Edition
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
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