The Initial equilibrium is at a price of $40 a crate and a quantity of 200.

-A hurricane rips through the Florida countryside and destroys a large amount of the orange crop.

-At the initial equilibrium price of $40, quantity supplied on the new supply curve is 150.

Use the information above to answer the following questions in an essay format

1. Is there excess demand or excess supply in the interim period before the new equilibrium? (Please make sure that you explain why there is excess demand or supply)please help me answer this question

2. After market forces are allowed to work is the new equilibrium price higher or lower?thank you please answer this question with a little bot of detail in sentences

3. Also Why is the new market equilibrium price higher or lower? (For full credit describe in a couple sentences what is happening initially after the shift, when the market is in disequilibrium)

4.Please also help me Graph the market and the subsequent changes in the market on a piece of paper or tablet/device.Please make sure that you help label all of the key points and information on the graph