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Florida Citrus Mutual, an agricultural cooperative association for citrus growers in Florida, needs to predict what will happen to the price and output of Florida

Florida Citrus Mutual, an agricultural cooperative association for citrus growers in Florida, needs to

predict what will happen to the price and output of Florida oranges under the conditions below. What

are your predictions? For each part, sketch a graph showing the appropriate demand a supply analysis

  1. Two new companies producing orange juices began to operate.

and 2 The price of Californian oranges increases.

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