Assuming that apples are a normal good, identify how the following events would change the equilibrium price and quantity A growing economy increases overall wages Extraordinarily good growing conditions produce a larger than normal crop of apples Oranges are considered a substitute for apples and an unexpected frost freeze destroys a substantial portion of the orange crop Rising gasoline prices make it more expensive to transport apples to market

Question: Assuming that apples are a normal good, identify how the following events would change the equilibrium price and quantity: A growing economy increases overall wages

Assuming that apples are a "normal" good, identify how the following events would change the equilibrium price and quantity:

A growing economy increases overall wages
Extraordinarily good growing conditions produce a larger than normal crop of apples
Oranges are considered a substitute for apples and an unexpected frost/freeze destroys a substantial portion of the orange crop
Rising gasoline prices make it more expensive to transport apples to market

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