Business, 21.02.2020 21:02 sarahgoff

Suppose you are the manager of a California orange orchard. How would you expect the following events to affect the market equilibrium price you receive for a bottle of orange juice? Please state the shift (leftward or rightward) of demand or supply.

a. The price of comparable Florida orange juice decreases.
b. One hundred new fruit juice processing plants open in California.
c. The price of a bottle increases significantly due to new government anti-shatter regulations.
d. Researchers discover a new fruit juice processing technology that reduces production costs.
e. The average age of consumers increases, and younger people drink less orange juice.

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Suppose you are the manager of a California orange orchard. How would you expect the following event...

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