Question: Please solve. The graph belowr shows the market for mandarin oranges in Odin for the month of November [in thousands of kilos]. G) IEI 5

Please solve. The graph belowr shows the market for mandarin oranges

Please solve.

The graph belowr shows the market for mandarin oranges in Odin for the month of November [in thousands of kilos]. G) IEI 5 Tools / / 4 Dz 52 3 OJ .9 E. 2 1 i- \"'\\ U ki 50 'IUU 150 200 250 300 Quantity per month Suppose that in December the demand of mandarin oranges increases by 100 while the supply increases by 25. a] Draw the new curves D2 and 52 in graph above. Plot only the endpoints of the curve above and position those points on the edges of the graphing area. b] What will be the new equilibrium price and quantity? Equilibrium price: $ Equilibrium quantity

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