Orange growing regions in Florida are hit with a disease called citrus greening. The disease significantly reduces the yield per hectare. Florida oranges are used almost exclusively to make orange juice and have little impact on the eating orange market. The Bureau of Labor Statistics announces that wages in the U.S. have increased significantly. Orange juice is a normal good. Which of the following, according to the supply and demand model, is the most likely result of these two factors changing? Question 6Answer a. The effect on price is ambiguous, and the equilibrium quantity decreases. b. The equilibrium price of orange juice increases, and the equilibrium quantity decreases. c. The equilibrium price of orange juice decreases, and the equilibrium quantity increases. d. The equilibrium price will increase, and the effect on quantity is ambiguous