Answer the Questions Below

question 54

Essay

Answer the questions below:
(A)Draw a diagram showing the Malthusian equilibrium for an economy that subsists on rice.
(B)As a result of the current government being removed from office and replaced by a new, more food-conscious government, a new crop is grown. The new crop is more nutritious than rice, so it takes fewer acres of this crop per person to stay alive. Show the new equilibrium point on the diagram and explain the adjustment to the new equilibrium.

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