following is the schedule of quantities that would be supplied and demanded at various prices for oranges

1. Following is the schedule of quantities that would be supplied and demanded at various prices for oranges. Price $10.00 Quantity Demanded | Quantity Supplied New supply if 401 is lost 200 9.00 250 600 360 0 8.00 300 $50 500 330 7.00 350 450 300 6.00 400 270 5.00 450 400 2 40 4.00 500 350 3.00 550 300 210 2.00 600 250 200 120 a. Graph the supply and demand curves. Identify the market equilibrium price. $10.00 SS 8.00 - - 1 -. 6.00 Price Market equilibrium 4.00 Price 2.00 dd , 0 100 200 300 400 500 600 ESENT seur Quantity etap b. If 40% of the orange crop is lost due to bad weather, show the impact on the market using the chart with any changes to With 3 INSERT the supply and/or demand curves to identify the new equilibrium price. (Use the additional column on the chart as needed to POCHETTE calculate new quantities and graph them to identify the impact on the market.)