The united states does not allow oranges from brazil (the world's largest producer of oranges) to enter the united states. if brazilian oranges were sold in the united states, oranges and orange juice would be cheaper.
use the laws of demand and supply to explain whether the above statement is true or false.
in your explanation, distinguish between a change in demand and a change in the quantity demanded and between a change in supply and a change in the quantity supplied.

1. the statement is _.
2. allowing brazil to enter the u. s. market for oranges would _, which would _ the price and _.
3. oranges are _ orange juice so the _ would _, which would _ its price and _.

Exercise 4-9presented below is information related to martinez corp. for the year 2017.net sales $1,399,500 write-off of inventory due to obsolescence $80,440cost of goods sold 788,200 depreciation expense omitted by accident in 2016 43,600selling expenses 65,800 casualty loss 53,900administrative expenses 53,500 cash dividends declared 43,300dividend revenue 22,100 retained earnings at december 31, 2016 1,042,400interest revenue 7,420 effective tax rate of 34% on all items exercise 4-9 presented below is information relateexercise 4-9 presented below is information relate prepare a multiple-step income statement for 2017. assume that 61,500 shares of common stock are outstanding. (round earnings per share to 2 decimal places, e.g. 1.49.)prepare a separate retained earnings statement for 2017. (list items that increase retained earnings first.)