Consider the market for oranges. Using supply and demand graphs, explain clearly what is the effect on equilibrium price and quantity traded of oranges under the following five scenarios. a. The orange crop freezes. b. A scientific study is published proving that orange juice is good for people. c. Immigration authorities detain undocumented workers who had been working in the orange harvest. d. There is an economic boom in Florida. e. At last, robots are successfully designed and programmed to harvest oranges at a cost below that of human workers.

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a. If the orange crop freezes, supply decreases from S1 to S2, and demand D remains unchanged. As a result, the equilibrium price will increase, and the equilibrium quantity will decrease (shown below).

b. If a scientific study has proven that orange juice is good for people, demand will increase from D1 to D2, and supply will remain unchanged. As a result, the equilibrium price will increase, and the equilibrium quantity will increase, too (shown below).

c. In this case, companies will be obliged to hire new employees officially, which will increase the price per unit. The supply curve will move to the left, and the demand curve will be unchanged. As a result, the equilibrium price will increase, and the equilibrium quantity will decrease (shown below).

d. During an economic boom, the incomes of people will rise, which is why the demand for oranges will shift to the right. Supply will also increase due to the fall in input prices. As a result, the equilibrium price will slightly increase, and the equilibrium quantity will increase (shown below).

e. In this case, the demand will be unchanged, and the supply curve will move to the right due to the fall in input prices. As a result, the equilibrium price will decrease, and the equilibrium quantity will increase (shown below).

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Academic.Tips. (2022) 'Consider the market for oranges. Using supply and demand graphs, explain clearly what is the effect on equilibrium price and quantity traded of oranges under the following five scenarios. a. The orange crop freezes. b. A scientific study is published proving that orange juice is good for people. c. Immigration authorities detain undocumented workers who had been working in the orange harvest. d. There is an economic boom in Florida. e. At last, robots are successfully designed and programmed to harvest oranges at a cost below that of human workers'. 11 February.

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Academic.Tips. (2022, February 11). Consider the market for oranges. Using supply and demand graphs, explain clearly what is the effect on equilibrium price and quantity traded of oranges under the following five scenarios. a. The orange crop freezes. b. A scientific study is published proving that orange juice is good for people. c. Immigration authorities detain undocumented workers who had been working in the orange harvest. d. There is an economic boom in Florida. e. At last, robots are successfully designed and programmed to harvest oranges at a cost below that of human workers. https://academic.tips/question/consider-the-market-for-oranges-using-supply-and-demand-graphs-explain-clearly-what-is-the-effect-on-equilibrium-price-and-quantity-traded-of-oranges-under-the-following-five-scenarios-a-the-orang/

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Academic.Tips. 2022. "Consider the market for oranges. Using supply and demand graphs, explain clearly what is the effect on equilibrium price and quantity traded of oranges under the following five scenarios. a. The orange crop freezes. b. A scientific study is published proving that orange juice is good for people. c. Immigration authorities detain undocumented workers who had been working in the orange harvest. d. There is an economic boom in Florida. e. At last, robots are successfully designed and programmed to harvest oranges at a cost below that of human workers." February 11, 2022. https://academic.tips/question/consider-the-market-for-oranges-using-supply-and-demand-graphs-explain-clearly-what-is-the-effect-on-equilibrium-price-and-quantity-traded-of-oranges-under-the-following-five-scenarios-a-the-orang/.

1. Academic.Tips. "Consider the market for oranges. Using supply and demand graphs, explain clearly what is the effect on equilibrium price and quantity traded of oranges under the following five scenarios. a. The orange crop freezes. b. A scientific study is published proving that orange juice is good for people. c. Immigration authorities detain undocumented workers who had been working in the orange harvest. d. There is an economic boom in Florida. e. At last, robots are successfully designed and programmed to harvest oranges at a cost below that of human workers." February 11, 2022. https://academic.tips/question/consider-the-market-for-oranges-using-supply-and-demand-graphs-explain-clearly-what-is-the-effect-on-equilibrium-price-and-quantity-traded-of-oranges-under-the-following-five-scenarios-a-the-orang/.

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Academic.Tips. "Consider the market for oranges. Using supply and demand graphs, explain clearly what is the effect on equilibrium price and quantity traded of oranges under the following five scenarios. a. The orange crop freezes. b. A scientific study is published proving that orange juice is good for people. c. Immigration authorities detain undocumented workers who had been working in the orange harvest. d. There is an economic boom in Florida. e. At last, robots are successfully designed and programmed to harvest oranges at a cost below that of human workers." February 11, 2022. https://academic.tips/question/consider-the-market-for-oranges-using-supply-and-demand-graphs-explain-clearly-what-is-the-effect-on-equilibrium-price-and-quantity-traded-of-oranges-under-the-following-five-scenarios-a-the-orang/.

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"Consider the market for oranges. Using supply and demand graphs, explain clearly what is the effect on equilibrium price and quantity traded of oranges under the following five scenarios. a. The orange crop freezes. b. A scientific study is published proving that orange juice is good for people. c. Immigration authorities detain undocumented workers who had been working in the orange harvest. d. There is an economic boom in Florida. e. At last, robots are successfully designed and programmed to harvest oranges at a cost below that of human workers." Academic.Tips, 11 Feb. 2022, academic.tips/question/consider-the-market-for-oranges-using-supply-and-demand-graphs-explain-clearly-what-is-the-effect-on-equilibrium-price-and-quantity-traded-of-oranges-under-the-following-five-scenarios-a-the-orang/.

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