Business, 10.06.2020 21:57 charitysamuels

Responses to higher soybean prices. suppose that in initial equilibrium in the soybean market, each of the 1,000 farmers produces 50 units, for a total of 50,000 units of soybeans. suppose the price of soybeans increases, and everyone expects the price to stay at the higher level for many years.

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Responses to higher soybean prices. suppose that in initial equilibrium in the soybean market, each...