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II. Using a separate graph showing supply and demand for each part A - E below, show the effect of the following five events on

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II. Using a separate graph showing supply and demand for each part A - E below, show the effect of the following five events on the market for oranges. For each event, determine (if possible) what happens to the equilibrium price of oranges, the equilibrium quantity of oranges sold, and total revenue in the market for oranges - that is, determine whether these variables will increase or decrease. Briefly describe the reasoning supporting your conclusions. A. A hurricane destroys many orange trees in Florida, a major orange-producing state. Price Quantity Total revenue

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