If the following event occurs in the market of oranges (normal good) tell me what would happen in the market? If events are: an increase in the price of bananas (a substitute good), an increase in consumer income, consumers of oranges anticipate that the price of oranges will increase in the future due to a freeze in Florida, the market price of oranges decreases and the US government enacts a price support program by establishing a price floor above the current market price. What are the market results? Is an increase in demand, a decrease in demand, an increase in quantity demanded, or a decrease in quantity demanded? Assume normal production possibility curves for a nation fit producing food and video game. What would happen with the PPC if the events are: A new and better fertilizer is invented, immigration occurs that leads to a large workforce, a drought caused a 10% decrease in usable farmland and the nation decides to move available resources from the current production of video games to produce more food. What is the result of the PPC shifts outward, the PPC shift inward or there is no change in the location of the PPC