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Starting from an equilibrium situation, graphically show what happens to the supply and demand curves and the equilibrium price and quantity in each of the below situations. Prepare a new graph for each of the following scenarios:
- Consider the Florida market for the sale of sweaters. What happens when there is an unseasonably long and very cold winter?
- Consider the Florida market for the sale of grapefruit. What happens when an unseasonably long, cold winter ruins half of the grapefruit crop?
- Florida has returned to a normal winter pattern of mild sunny weather, but much of the rest of the United States is experiencing a brutal winter weather, including huge amounts of snow and temperatures hovering below freezing in the months of October to April. How might this scenario affect the hotel industry in Florida
- My email is firstname.lastname@example.org, answer the questions above on a Doc and send it to me also try to attatch the graphs for each question on the doc please format each graph with each question