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2. Price controls in the Florida orange market The following graph shows the annual market for Florida oranges, which are sold in units of
2. Price controls in the Florida orange market The following graph shows the annual market for Florida oranges, which are sold in units of go-pound boxes. Use the graph input tool to help you answer the following questions. You not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. Graph Input Tool Market for Florida Oranges 210 70 Supp 420 400 700 O Price (Do/rs box) Quantity Demanded (Millions of 15 406 140 210 280 350 QUANTITY (Millions of boxes) In this market, the equilibrium price is S per box, and the equilibrium quantity of oranges is ntity Supplied Eons of boxes) million boxes.
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