To increase revenue, the provincial government of | Saskatchewan has decided to open up millions of...
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To increase revenue, the provincial government of | Saskatchewan has decided to open up millions of acres of previously unavailable land, and to rent it to farmers. At the same time, world corn prices increase. Please illustrate the effect of both of these events in the accompanying graph by shifting the supply curve and/or demand curve. Rental rate x D Quantity of land (acres) To increase revenue, the provincial government of | Saskatchewan has decided to open up millions of acres of previously unavailable land, and to rent it to farmers. At the same time, world corn prices increase. Please illustrate the effect of both of these events in the accompanying graph by shifting the supply curve and/or demand curve. Rental rate x D Quantity of land (acres)
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