You read in the paper a story about grapefruit markets. The story contains the following information: A. There has been a frost in the "Grapefruit belt" and a lot of lost plants. B. There is a new kind of fertilizer that can increase yields by 20%D. A new study indicates that grapefruit significantly reduces the risk of cancer and the Grapefruit Association is starting an ad campaign to inform consumers of this. C. The International Union of Grapefruit Pickers and Packers has just negotiated a contract with most growers calling for a 30% wage increase. Take each of these (A-D) and use supply and demand analysis to determine the impact on price and quantity of grapefruits sold of each and the overall net impact. Also, discuss how this might impact the demand for other fruits and breakfast cereals. Also, make sure you discuss and impact of these on the elasticity of demand for grapefruits