This exercise examines the effect of a excellent harvest in Missouri on the price of soybeans in the United States and daily wages of soybean harvesters in Illinois. Assume that buyers of soybeans have no preference for soybean grown in Missouri versus Illinois. On the following graph, show the effect the excellent harvest in Missouri has on the market for soybeans in the Lhited States by shirting either the demand curve, the supply curve, or both. Based on the graph for the market for soybeans in the United States, the excellent harvest has caused the price of soybeans in the United States to The following graph shows the daily market for soybean pickers in Illinois. Show the effect of the change in the price of soybeans in the United States on the market for soybean pickers in Ininois by shifting either the demat curve, the supply curve, or both.
