Question
The state of Kansas, is increasing the cost of fungicide and insecticide used by growers of blueberries. The most impacted will be Shawne County growers,
The state of Kansas, is increasing the cost of fungicide and insecticide used by growers of blueberries. The most impacted will be Shawne County growers, who produce about 80% of the nation's crop.
Illustrate this situation with graphs for the blueberries market and the Shawne County grower. Start with the situation in long run equilibrium before the cost of fungicide and insecticide increase. Next, show and discuss the short run and long run effects of the fungicide and insecticide cost increase.
Please use thorough words and graphs to explain for my better understanding, thank you.
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