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Using simple diagrams and the agricultural household model we learned in class, show how each of the following, in theory, affects (i) the agricultural labor
Using simple diagrams and the agricultural household model we learned in class, show how each of the following, in theory, affects (i) the agricultural labor supply, and (ii) the agricultural labor demand in a representative agricultural household with well-functioning markets
a.An increase in the price of the food crop
b.A positive weather shock to agricultural production
c.Technology change that makes agricultural households more productive
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