3. How changes in the market for output affect the demand for labor In this question, you'll explore the effect of a bad crop in Pennsylvania on the price of strawberries in the United States, as well as on the daily wages of strawberry pickers in California. Assume that strawberry buyers don't care whether their strawberries come from Pennsylvania or California. On the following graph, show the effect the bad crop in Pennsylvania has on the market for strawberries in the United States by shifting either the demand curve, the supply curve, or both. (?) Market for Strawberries in the United States 10 9 Supply 8 Demand 0 100 200 300 400 500 600 700 800 900 1000 QUANTITY (Millions of pounds of strawberries) Based on the graph for the market for strawberries in the United States, the bad crop has caused the price of strawberries in the United States to PRICE (Dollars per pound) 1 0 Demand O Supply

3. How changes in the market for output affect the demand for labor In this question, you'll explore the effect of a bad crop in Pennsylvania on the price of strawberries in the United States, as well as on the daily wages of strawberry pickers in California. Assume that strawberry buyers don't care whether their strawberries come from Pennsylvania or California. On the following graph, show the effect the bad crop in Pennsylvania has on the market for strawberries in the United States by shifting either the demand curve, the supply curve, or both. (?) Market for Strawberries in the United States 10 9 Supply 8 Demand 0 100 200 300 400 500 600 700 800 900 1000 QUANTITY (Millions of pounds of strawberries) Based on the graph for the market for strawberries in the United States, the bad crop has caused the price of strawberries in the United States to PRICE (Dollars per pound) 1 0 Demand O Supply

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Only type writing allow....don't use pepar work .....
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