Question: Question 1: . Using supply-and-demand, illustrate the effects on the market for orange juice if a hurricane in South Florida damages the orange crops. Make

Question 1: . Using supply-and-demand, illustrate the effects on the market

Question 1: . Using supply-and-demand, illustrate the effects on the market for orange juice if a hurricane in South Florida damages the orange crops. Make sure you label your graph appropriately. Make sure that you illustrate what happens to equilibrium price and quantity clearly. (4 points) . On another graph, illustrate the effects of rising stock markets in the market for luxury watches. Make sure you label your graph appropriately. Make sure that you illustrate what happens to equilibrium price and quantity clearly. (4 points)

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