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QUESTION
Maryland Orange Juice is a product of The Maryland Orange Growers' Association. Demand and supply of the product are both highly sensitive to...
6. Maryland Orange Juice is a product of The Maryland Orange Growers' Association. Demand and supply of the product are both highly sensitive to changes in the weather. During hot months demand for orange juice grows rapidly. However, hot weather has an adverse effect on supply because it reduces the size of the orange crop. Demand and supply functions for Maryland Orange Juice are as follows:
