3. How changes in the goods market affect the demand for labor This exercise examines the effect of a low crop yield in Iowa on the price of corn in the United States and daily wages of corn harvesters in Nebraska. Assume that buyers of corn have no preference for corn grown in Iowa versus Nebraska. On the following graph, show the effect the low crop yield in Iowa has on the market for corn in the United States by shifting either the demand curve, the supply curve, or both. Market for Corn in the United States Demand Supply 0 75 150 225 300 375 450 525 600 675 750 20 18 16 14 12 10 8 6 4 2 0 PRICE (Dollars per bushel) QUANTITY (Millions of bushels of corn) D 1 D 2 Supply Based on the graph for the market for corn in the United States, the low crop yield has caused the price of corn in the United States torise . The following graph shows the daily market for corn pickers in Nebraska. Show the effect of the change in the price of corn in the United States on the market for corn pickers in Nebraska