The supply of oranges from mexico has been banned the, Econometrics

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The supply of oranges from mexico has been banned the

Draw a downward-sloping demand curve and an upward-sloping supply curve for orange juice. Show what happens in each of the following cases:

a. A freeze in Florida kills 30 percent of the oranges.

b. A technological breakthrough has enabled Idaho to grow oranges.

c. The supply of oranges from Mexico has been banned. The Mexican oranges accounted for about 15 percent of the market.

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