Question 4: [Domestic Markets for Goods and Services] Using diagrams like those in Figure 8.2, discuss the potential imp

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Question 4: [Domestic Markets for Goods and Services] Using diagrams like those in Figure 8.2, discuss the potential imp

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Question 4: [Domestic Markets for Goods and Services] Usingdiagrams like those in Figure 8.2, discuss the potential impacts onthe local price and local quantities of corn produced, consumed,imported, and exported of each of the following changes:
a. An inflow into Small Village of refugees who bring wealthwith them but do not have access to farm land
b. A reduction in the price of fertilizer
c. The construction of better paths connecting outlying
homesteads to the Small Village center
d. The construction of a better road connecting Small Village toBig City.
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