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Assume that orange juice is a normal good. What would happen to the market for orange juice in each of the following cases: A severe
Assume that orange juice is a normal good. What would happen to the market for orange juice in each of the following cases:
- A severe winter affects the orange crop in Florida
- An advertising campaign emphasizing the health effects of consuming Vitamin C is launched
- The price of grapefruit juice falls
- Agricultural workers win a wage increase.
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