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a) Draw a supply curve for orange juice and then show what will happen to your graph when price of orange juice goes up. b)
a) Draw a supply curve for orange juice and then show what will happen to your graph when price of orange juice goes up.
b) Draw a supply curve for orange juice and then show what will happen to your graph when price of oranges (NOT orange juice) go up.
c) Draw a supply curve for orange juice and then show what will happen to your graph if newer technology allows production of larger quantities of orange juice using the same resources.
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