Consider the figure shown below, which shows the market areas of sugar-beet processing plants. Suppose an increase
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Question:
Consider the figure shown below, which shows the market areas of sugar-beet processing plants. Suppose an increase in the price of diesel fuel doubles the cost of hauling sugar beets from farms to processing plants.a. The slope of the net price curve changes from? ____ Per mile to? ____ per mile.b. if the number of processing plants remains at three, the net price received by the farm that is most dis from its closest processing plant changes from _____ per ton to ____ per ton.
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