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2. Consider the market for orange juice. For each of these events, describe what would likely happen to the equilibrium price and quantity of orange

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2. Consider the market for orange juice. For each of these events, describe what would likely happen to the equilibrium price and quantity of orange juice. (Note: since there are no number values here, you only need to describe in which direction - if any - price and quantity will move), a. An increase in the price of coffee beans. b. A decrease in the price of bacon. A freeze in the state of Florida, which causes many orange trees to die and bear no fruit. d. An outbreak of a foodborne illness found in oranges. e. A decrease in the demand for champagne

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