[MUST SHOW WORK] Consider the above table for the market for oranges. A deep frost destroys many or the orange juice businesses to go put of business. As a result, quantity supplied decreases hper kg and the new equilibrium quantiy is.........? kg of oranges The new equilibrium price is .............? kg of orangesSelect one:O A. 1.70;400O B. 1.10; 700O C. 1.20;650O D. 0.90;400O E. 1.50;500 Market for Oranges (Before the deep frost)PriceQuantityDemanded (kg)QuantitySupplied (kg)(per kg)$0.90900$1.00850100$1.10700200$1.20650400$1.30600600$1.40550800$1.505001000$1.604501200$1.704001400[MUST SHOW WORK)Consider the above table for the market for oranges. A deep frost destroys manthe orange juice businesses to go out of business. As a result quantity suppledper kg and the new equilbrium quantityThe new equilibrium price is $Select one:O A 1.70; 400O B. 1.10; 700OC 1.20; 650O D. 0.90, 400O E 1.50, 500

The curve that depicts the quantities that are being demanded by individuals at various levels of…

Answered: Consider the above table for the market…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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[MUST SHOW WORK] Consider the above table for the market for oranges. A deep frost destroys many or the orange juice businesses to go put of business. As a result, quantity supplied decreases hper kg and the new equilibrium quantiy is.........? kg of oranges The new equilibrium price is .............? kg of oranges

Select one:

O A. 1.70;400

O B. 1.10; 700

O C. 1.20;650

O D. 0.90;400

O E. 1.50;500

Market for Oranges (Before the deep frost)
Price
Quantity
Demanded (kg)
Quantity
Supplied (kg)
(per kg)
$0.90
900
$1.00
850
100
$1.10
700
200
$1.20
650
400
$1.30
600
600
$1.40
550
800
$1.50
500
1000
$1.60
450
1200
$1.70
400
1400
[MUST SHOW WORK)
Consider the above table for the market for oranges. A deep frost destroys man
the orange juice businesses to go out of business. As a result quantity suppled
per kg and the new equilbrium quantity
The new equilibrium price is $
Select one:
O A 1.70; 400
O B. 1.10; 700
OC 1.20; 650
O D. 0.90, 400
O E 1.50, 500

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