Question: 4'. Using the same market for oranges example from the online videos, model the changes in demand andf or supply that might arise from the


4'. Using the same market for oranges example from the online videos, model the changes in demand andf or supply that might arise from the following (separate) situations: a. An alarming segment appears on Today Tonight that says a new medical study suggests that eating more than one orange per year may result in premature blindness; b. As a result of the accidental importation of a particularly nasty type of fruit y, the Perth orange crop is decimated; c. The government decides to increase the minimum wage of fruitrpickers by 30%, effective immediately
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