1. Perfect competition short-run dynamics: Consider the market for tomatoes from problem set 1 again, but this time we'll zoom in on a couple of details, and the interplay between the market and the individual tomato-producer. We study each factor individually in order to keep things as simple as possible.
   1. ***Draw a new individual-firm diagram. Starting again from long-run equilibrium, show how a shortage in available labour in the agricultural sector affects the individual farmer in the short run. What do you think will happen in the long-run?