What is likely effect of two events on price of orange juice


Problem

Suppose that a hard freeze destroys a large portion of the Florida orange crop. At the same time, the Journal of the American Medical Association releases the results of a new study showing that drinking large quantities of orange juice substantially reduces one's risks of both heart disease and cancer. What is the likely effect of these two events on the price of orange juice? On the quantity of orange juice sold?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What is likely effect of two events on price of orange juice
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