3. How changes in the market for output affect the demand for labor This exercise examines the effect of a good season of weather 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 good season of weather 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 O Supply Demand Supply PRICE (Dollars per bushel) Demand N 50 100 150 200 250 300 350 400 450 500 QUANTITY (Millions of bushels of corn) Based on the graph for the market for corn in the United States, the good season has caused the price of corn in the United States to _ 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 by shifting either the demand curve, the supply curve, or both. (?) Market for Corn Pickers in Nebraska Supply Demand Supply WAGE (Dollars per worker) Demand LABOR (Thousands of workers) As a result of the change in the price of corn, the wage level for corn pickers in Nebraska Grade It Now Save & Continue