If a hurricane strikes florida and destroys 20 thousand, Ask an Expert

Economics

Assume the market for Florida oranges is in equilibrium.

Demand is represented by Qd = 60 - 2P

Supply is represented by Qs = 10 + 3P

where the quantity is in thousands of pounds.

If a hurricane strikes Florida, and destroys 20 thousand pounds of oranges, what will the new equilibrium price and quantity be?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9444087

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