4. now Changes in the yoous make alect the deilianu vi lauvi HW 9: Ch 18, 19 This exercise examines the effect of a excellent harvest in North Dakota on the price of wheat in the United States and daily wages of wheat harvesters in Kansas. Assume that buyers of wheat have no preference for wheat grown in North Dakota versus Kansas. On the following graph, show the effect the excellent harvest in North Dakota has on the market for wheat in the United States by shifting either demand curve, the supply curve, or both. 10 9 8 7 PRICE (Dollars per bushel) @ 2 6 5 3 2 Market for Wheat in the United States 0 100 Supply Demand Demand 200 300 400 500 600 700 800 900 1000 QUANTITY (Millions of bushels of wheat) 80 F2 F3 #3 $ 64 F4 W E R S % 25 Supply ? MacBook Air F5 F6 9> 6 & 27 বর DII F7 F8 T Y U D F G H * ∞ 8 ( F9 승요 ) F10 9 0 0 P J K L Based on the graph for the market for wheat in the United States, the excellent harvest has caused the price of wheat in the United States to The following graph shows the daily market for wheat pickers in Kansas. Show the effect of the change in the price of wheat in the United States on the market for wheat pickers in Kansas by shifting either the demand curve, the supply curve, or both. WAGE (Dollars per worker) Market for Wheat Pickers in Kansas @ 2 (?) Supply Demand Demand LABOR (Thousands of workers) F2 go F3 F4 $4 #3 W E S > D 15 % ロー Supply MacBook Air F5 F6 1> 6 & 27 বর F7 R T Y U C DII DD F8 F9 * ( ) 8 9 0 ― O ✓ F10 பட F G H J K L P < >
4. now Changes in the yoous make alect the deilianu vi lauvi HW 9: Ch 18, 19 This exercise examines the effect of a excellent harvest in North Dakota on the price of wheat in the United States and daily wages of wheat harvesters in Kansas. Assume that buyers of wheat have no preference for wheat grown in North Dakota versus Kansas. On the following graph, show the effect the excellent harvest in North Dakota has on the market for wheat in the United States by shifting either demand curve, the supply curve, or both. 10 9 8 7 PRICE (Dollars per bushel) @ 2 6 5 3 2 Market for Wheat in the United States 0 100 Supply Demand Demand 200 300 400 500 600 700 800 900 1000 QUANTITY (Millions of bushels of wheat) 80 F2 F3 #3 $ 64 F4 W E R S % 25 Supply ? MacBook Air F5 F6 9> 6 & 27 বর DII F7 F8 T Y U D F G H * ∞ 8 ( F9 승요 ) F10 9 0 0 P J K L Based on the graph for the market for wheat in the United States, the excellent harvest has caused the price of wheat in the United States to The following graph shows the daily market for wheat pickers in Kansas. Show the effect of the change in the price of wheat in the United States on the market for wheat pickers in Kansas by shifting either the demand curve, the supply curve, or both. WAGE (Dollars per worker) Market for Wheat Pickers in Kansas @ 2 (?) Supply Demand Demand LABOR (Thousands of workers) F2 go F3 F4 $4 #3 W E S > D 15 % ロー Supply MacBook Air F5 F6 1> 6 & 27 বর F7 R T Y U C DII DD F8 F9 * ( ) 8 9 0 ― O ✓ F10 பட F G H J K L P < >
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
As a result of the change in the price of wheat the wage level for wheat pickers in Kansas? (Increase or decrease)
Transcribed Image Text:4. now Changes in the yoous make alect the deilianu vi lauvi
HW 9: Ch 18, 19
This exercise examines the effect of a excellent harvest in North Dakota on the price of wheat in the United States and daily wages of wheat
harvesters in Kansas. Assume that buyers of wheat have no preference for wheat grown in North Dakota versus Kansas.
On the following graph, show the effect the excellent harvest in North Dakota has on the market for wheat in the United States by shifting either
demand curve, the supply curve, or both.
10
9
8
7
PRICE (Dollars per bushel)
@
2
6
5
3
2
Market for Wheat in the United States
0
100
Supply
Demand
Demand
200 300 400 500 600 700 800 900 1000
QUANTITY (Millions of bushels of wheat)
80
F2
F3
#3
$
64
F4
W
E
R
S
%
25
Supply
?
MacBook Air
F5
F6
9>
6
&
27
বর
DII
F7
F8
T
Y
U
D
F
G
H
* ∞
8
(
F9
승요
)
F10
9
0
0
P
J
K
L
Transcribed Image Text:Based on the graph for the market for wheat in the United States, the excellent harvest has caused the price of wheat in the United States to
The following graph shows the daily market for wheat pickers in Kansas.
Show the effect of the change in the price of wheat in the United States on the market for wheat pickers in Kansas by shifting either the demand
curve, the supply curve, or both.
WAGE (Dollars per worker)
Market for Wheat Pickers in Kansas
@
2
(?)
Supply
Demand
Demand
LABOR (Thousands of workers)
F2
go
F3
F4
$4
#3
W
E
S
>
D
15
%
ロー
Supply
MacBook Air
F5
F6
1>
6
&
27
বর
F7
R
T
Y
U
C
DII
DD
F8
F9
*
(
)
8
9
0
―
O
✓
F10
பட
F
G
H
J
K
L
P
<
>
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