Q. In late 2006 also early 2007, orange crops in Florida were smaller than expected also the crop in California was put in a deep freeze by an Arctic cold front. As a result, the production of oranges was severely reduced. In addition, in early 2007, President George W. Bush called for the United States to reduce its gasoline consumption by 20% in the next decade. He proposed an increase in ethanol produced from corn also the stalks also leave from corn also other grasses. Illustrate what is the likely impact of these two events on food prices in the United States?