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be original and use your own words Consider the following events: Scientists reveal that eating oranges decreases the...

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Economics

beoriginal and use your own words

Consider the following events:
Scientists reveal that eating oranges decreases the risk ofdiabetes, and at the same time, farmers use a new fertilizer thatmakes orange trees produce more oranges. Illustrate and explainwhat effect these changes have on the equilibrium price andquantity of oranges.

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When scientists reveal that eating oranges decreases the risk ofdiabetes the demand for oranges increases Consumers want to buymore oranges now so as to avail the health benefits of orangeDemand curve shifts    See Answer
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