Supply and Demand Name The Market System Section Illustrate each of the following. Make predictions regarding the direction of price and quantity transacted in the marketplace. 1. An unexpected freeze devastated the Florida orange crop. Orange Juice 2. An unexpected freeze devastated the Florida orange crop. Cranberry Juice 3. Trade restrictions are lifted. More clothing will be imported. Oxford Shirts 4. Trade restrictions are lifted. More clothing will be exported. Oxford Shirts For each of the exercises, use the space beneath the scenario to describe the possible affects on: a. The workers in that industry b. The consumers of that good