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The entire orange crop in Florida is affected by a major freeze. On the graph below, show how demand and supply are affected and show
The entire orange crop in Florida is affected by a major freeze. On the graph below, show how demand and supply are affected and show the new equilibrium price and quantity for a bushel of oranges. Instructions: Use the graphing tool ,'52', to plot a new line reflecting the impact of the freeze. 24 Tools 31 / 20 52 16 '3 I: '12 E 8 4 D1 OIIIIIIIIIIIIIIIIIIIIIIII O 4 8 12 16 20 24 Quantity 20 S2 16 Price ($) 12 8 4 0 4 8 12 16 20 24 Quantity Based upon the new supply line the equilibrium price will ((Click to select) * ) and the equilibrium quantity will ((Click to select)
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