Using simple diagrams show how each of the following in


Using simple diagrams, show how each of the following, in theory, affects (i) the supply of food for urban consumers, and (ii) the welfare of a representative agricultural household:

a) An output price support

b) A fertilizer subsidy that does not change the output price

c) A cash transfer to agricultural households that does not change output or input prices

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Business Economics: Using simple diagrams show how each of the following in
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