Consider the following events: Scientists reveal thateating oranges decreases the risk of diabetes, andat the same time, farmers use a new fertilizer thatmakes orange trees produce more oranges. Illustrateand explain what effect these changes have on theequilibrium price and quantity of oranges.

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Q: Consider the following events: Scientists reveal thateating oranges decreases the risk of diabetes,…

A: As scientists reveal that oranges decreases the risk of diabetes, demand for oranges would increase…

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Q: Attached Question:

A: Note: Since, you've posted question with multiple sub-parts, we will solve the first the first three…