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Consider the following events: Scientists reveal that consumption of oranges decreases the risk of diabetes and , at the same time, farmers use a new fertilizer that makes orange trees more productive. Illustrate and explain what effect these changes have on the equilibrium price and quantity of oranges. Answer Summary Consider the following events: Scientists reveal that consumption of oranges decreases the risk of diabetes and , at the same time, farmers use a new fertilizer that makes orange trees more productive. Illustrate and explain what effect these changes have on the equilibrium price and quantity of oranges. ...l increase for oranges, based on the news. When there is an increase in demand, it drives prices upwards to coordinate with the demand. The increased productivity of orange trees will cause a rightward shift of the supply curve. This will in-turn...


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