I. For each market, illustrate and explain how the indicated events will affect demand, supply, equilibrium quantity and equilibrium price. Clearly label the original and new curves and values. (BE SURE YOU ILLUSTRATE THE EFFECT ON THE MARKET YOU ARE INSTRUCTED TO ANALYZE) a) MARKET: USED CLOTHING: a thriving economy causes an increase in incomes (be sure to describe your reasoning/thinking). b) MARKET: ORANGE JUICE: a heavy frost destroys much of Florida's orange crop at the same time as there is a decrease in the price of apple juice