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If a hard freeze in Florida damages many of the orange groves:How is the market for Florida oranges affected?How is the orange juice market affected?

Question

If a hard freeze in Florida damages many of the orange groves:

How is the market for Florida oranges affected?

How is the orange juice market affected?

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Step 1

Effect on orange market:

If a hard freeze in Florida damages many of the orange groves, the supply of oranges will decrease drastically. De...

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