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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? Sketch separate graph for each question showing the appropriate demand and supply analysis.

  1. A major freeze destroys a large number of the orange trees in Florida.

(b) Two new companies producing orange juices began to operate.

(c) The scientists in the agricultural extension service of the University of Florida discover a way

to double the number of oranges produced by each orange tree.

(d) The American Medical Association announces that drinking orange juice can reduce the risk

of heart attack.

(e) The price of Florida grapefruit falls.

(f) The price of Californian oranges increases.

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