ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- Change in
Demand Determinants: The PRC's increased demand for US crop products, such as corn and soybeans, directly impacted the fertilizer market. This change in the demand for final crop products (a non-price determinant of fertilizer demand) caused a shift in the fertilizer demand curve to the right. As a result, the demand for fertilizer increased. This can be represented on a graph by shifting the demand curve to the right.
Analysis: The shift in the demand curve to the right led to an increase in both the
Could you bring me the graph?
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