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Solve clearly Market for Oranges (Before the deep frost) Price Quantity Quantity (per kg) Demanded (kg) Supplied (kg) $0.90 900 $1.00 850 100 $1.10 700
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Market for Oranges (Before the deep frost) Price Quantity Quantity (per kg) Demanded (kg) Supplied (kg) $0.90 900 $1.00 850 100 $1.10 700 200 $1.20 650 400 $1.30 600 600 $1.40 550 800 $1.50 500 1000 $1.60 450 1200 $1.70 400 1400 (MUST SHOW WORK] Consider the above table for the market for oranges. A deep frost destroys many orange plants, causing half of the orange juice businesses to go out of business. As a result, quantity supplied decreases by half at each price, The new equilibrium price is $_per kg and the new equilibrium quantity is! oranges ka of Select one: O A 120; 650 O B. 1.10; 700 O C 0.90; 400 O D. 1.50, 500 O E. 1:70; 400Step by Step Solution
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