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Explain using examples why partial equilibrium is a useful tool for agricultural economists and discus its shortcomings as a tool for policy analysis.

  1. Explain using examples why partial equilibrium is a useful tool for agricultural economists and discus its shortcomings as a tool for policy analysis.

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Partial equilibrium analysis is a useful tool for agricultural economists because it allows them to focus on specific markets commodities or sectors without considering the interactions with the rest ... blur-text-image

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