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1. Use a supply and demand graph to illustrate how the drought affects the equilibrium price and quantity of arborio rice. 2. How will the
1. Use a supply and demand graph to illustrate how the drought affects the equilibrium price and quantity of arborio rice. 2. How will the increase in the price of olive oil affect the market for dinners in Italian restaurants? How will it affect the market for other cooking oils? 3. To the extent that drought conditions are caused by climate change, what policy tools can be used to mitigate the damage? What are some hurdles in implementing these tools
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