Question: Can you please help me with this. 2. 7 The following graph shows the demand and supply for grape market. 5 4.5 4 3.5 o

Can you please help me with this.

Can you please help me with this. 2. 7 The following graph

2. 7 The following graph shows the demand and supply for grape market. 5 4.5 4 3.5 o .5 3 D. 2.5 2 1.5 2|. 12 16 20 24 28 32 35 4D 44 48 Quantity per period Suppose the price of oranges (a substitute) were to decrease, causing the demand for grapefruit to change by 12 kilos. Draw the new demand line and calculate the new market equilibrium price and quantity

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