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this exercise examines the effect of a excellent harvest in iowa on the price of corn in the united states and daily wages of corn harvesters in nebraska. assume that buyers of corn have no preference for corn grown in iowa versus nebraska. on the following graph, show the effect the excellent harvest in iowa has on the market for corn in the united states by shifting either the demand curve, the supply curve, or both.
Based on the graph for the market for corn in the United States, the new destructive pest has caused the price of corn in the United States to The following graph shows the daily market for corn pickers in Nebraska. Show the effect of the change in the price of corn in the United States on the market for corn pickers in Nebraska by shifting either the demand curve, the supply curve, or both. LABOR (Thousands of workers)