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Good day QUESTION 4 An early freeze in California sours the lemon crop. Explain what happens to consumer surplus in the market for lemons. Explain

Good day
QUESTION 4 An early freeze in California sours the lemon crop. Explain what happens to consumer surplus in the market for lemons. Explain what happens to consumer surplus in the market for lemonade. Illustrate your answers with diagrams. TOTAL MARKS - 20 QUESTION 5 Suppose the demand for French bread rises. Explain what happens to producer surplus in the market for French bread. Explain what happens to producer surplus in the market for flour. Illustrate your answers with diagrams. TOTAL MARKS - 20 TOTAL MARKS - 100

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