Solution-Representative agricultural household

Representative agricultural household

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Reference no: EM131431927

Using simple diagrams, show how each of the following, in theory, affects (i) the supply of food for urban consumers, and (ii) the welfare of a representative agricultural household:

a) An output price support

b) A fertilizer subsidy that does not change the output price

c) A cash transfer to agricultural households that does not change output or input prices

Reference no: EM131431927

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Representative agricultural household

Reference no: EM131431927

Reference no: EM131431927

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