Explain influence of events on palm islands labor market, Microeconomics

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Explain influence of events on palm islands labor market

Problem

Suppose that Palm Island, the world's largest grower of coconuts, plans to build its first airport on 100 acres of productive farm land. Palm Islanders expect the world price of coconuts to rise by 200 percent next year and remain high for the next decade. Explain the influence of these events on Palm Island's labor market and land market.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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