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Shifting of market for productivity increment

When the U.S. soybean market is primarily in equilibrium on S0D0, and in that case a new fertilizer raises farm productivity and concurrently, foreigners are permitted greater access to U.S. soybean, there the market shifts to: (1) S2D1. (2) S0D2. (3) S1D1. (4) S1D2. (5) S2D2.

243_soybean market in equilibrium.png

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