4) Oranges: Suppose there is a scientific discovery that leads to a more efficient production of orange crops in the US. How would that change shift the supply curve for oranges? a. First, graph the situation with price of oranges and quantity of oranges. Use BLACK for supply, BLUE for demand. Label supply as S1 and S2 and demand as DI. b. Using your knowledge of the laws of supply and demand, explain the shift(s) that have been made in your graph and describe what happened to the equilibrium price and quantity (3-4 bullet points). Label the equilibrium points CLEARLY! c. Add a picture of oranges