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2.[10] Deschaines and Greenstone (2012) estimate that projected climate change will make average profits in US agriculture until 2100 about 7% lower than if there

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2.[10] Deschaines and Greenstone (2012) estimate that projected climate change will make average profits in US agriculture until 2100 about 7% lower than if there were no such change( Explain how profits in agriculture could be reduced in that way and show the possible change in a graph of reasonable demand and supply curves for agriculture (with output treated as a single good). Explain why the estimated drop in profits does not measure the effect on social welfare obtained from the agriculture sector. What else in your graph should be included? How is it likely to be affected by climate change

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