Sunday, March 22, 2020

In 2011, the Japanese became very concerned about eating potentially contaminated for following the Fukushima nuclear reactor meltdown.

In 2011, the Japanese became very concerned about eating potentially contaminated for following the Fukushima nuclear reactor meltdown. 
a) What would this concern do to the market for Japanese produced food?  Use a diagram in your explanation.
b) What would happen in the market for overseas imported food?  What is the economic relationship between what happens in part a) and part b)?

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