Solved: Discuss the three theories on the causes of food shortages, Microeconomics

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Discuss the three theories on the causes of food shortages

Q1. Discuss the three theories on the causes of food shortages and hunger.

a. global scarcity

b. distribution of food resources

c. feast and famine cycles

Q2. Present potential solutions to the three theories in question 1 above.

Q3. Discuss the difference between scarcity and shortage. Represent these concepts using supply curves.

Q4. What is the cobweb model?

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Microeconomics: Discuss the three theories on the causes of food shortages

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Microeconomics: Discuss the three theories on the causes of food shortages

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