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Supply & Demand. “Fungus Fears Push Orange Juice Up” Econ 2105 1/30/2012. “Fungus Fears Push Orange Juice UP” by Alexander Wexler from the Wall Street Journal (Tuesday, January 24, 2012). Orange Juice Market. Price Dollars per pound . S1. EP. D2. D. Quantity Pounds of oranges. EQ.

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supply demand

Supply & Demand

“Fungus Fears Push Orange Juice Up”

Econ 2105

1/30/2012

slide2
“Fungus Fears Push Orange Juice UP”by Alexander Wexler from the Wall Street Journal (Tuesday, January 24, 2012)
increase in demand due to expected future shortage price increase

Orange Juice Market

Price

Dollars per pound.

S1

EP

D2

D

Quantity

Pounds of oranges

EQ

Increase in Demand due to expected future shortage/price increase.
slide4

Orange Juice Market

Price

Dollars per pound.

S1

EP

D2

D

Quantity

Pounds of oranges

EQ

Or you could have ….Decrease in Demand due to consumer preference – not to consume fungus infected orange juice
are likely to also have decrease in supply as a result of infected imports

Orange Juice Market

S2

Price

Dollars per pound.

S1

EP

D

EQ

Quantity

Pounds of oranges

Are likely to also have….Decrease in supply as a result of infected imports.

In four months oranges rises from $1.50 to $2.19 per pound.

“FDA could curtail imports in Brazilian juice test positive and leave the US short of juice.”