Task 1: Equilibrium - Shortage The two graphs shown on the next page illustrate the markets for orange juice and apple juice, which are initially in equilibrium. Show graphically what happens to the supply of orange juice and to the demand for apple juice if a severe frost in Florida seriously damages the orange crop. Does the supply curve for orange juice move to the left or right? What is likely to happen to the demand curve for apple juice in the same time period? Will apple juice demand move to the left or to the right? Explain. Orange juice Apple juice Price Price P. X P. X Q, Q, Quantity per period Quantity per period