Q1 - Using models to explain changes in the economy Consider a Malthusian economy. For each of the following scenarios, use the diagrams to illustrate what happens to a country's population size and living standards, ceteris paribus. Clearly explain what happens to the equilibrium and describe the transition to the new equilibrium if any. a. Marrying late slows down population growth. b. An earthquake kills half of the population and destroys half the land