Question: Hi I need help to understand how to solve this problem. Thank you The graph below shows the market for mandarin oranges in Odin for

Hi I need help to understand how to solve this problem. Thank you

The graph below shows the market for mandarin oranges in Odin for the month of November (in thousands of kilos) - Tools O D . Price 150 450 600 750 900 705012607350 Quantity per month Suppose that in December the demand of mandarin oranges increases by 375 while the supply increases by 150. a) Draw the new curves Dy and $2 in graph above. Plot only the endpoints of the curve above and position those points on the edg of the graphing area. b) What will be the new equilibrium price and quantity? Equilibrium price: $ Equilibrium quantity

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