An increase in demand for U.S.farm exports will ________ the market prices for these exports and ________ economic profit in these markets.

Question

Quizplus · Accepted Answer

When demand for U.S. farm exports increases, the market prices for these exports will also increase due to the higher demand. This will result in an increase in economic profit in these markets as producers can charge higher prices for their products.

An Increase in Demand for U