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In: Economics

Over the past several years, there have been increases in the number of farmers markets throughout...

Over the past several years, there have been increases in the number of farmers markets throughout the U.S. Additionally, during this period, the number of farmers markets accepting SNAP EBT (electronic benefits transfer of food stamps) increased as well. Explain in words the effect such simultaneous changes might have had on the market price and quantity of vegetables in the U.S. And explain the specific economic mechanisms involved. (Only use information given in this question; do not consider implications of the current pandemic.)

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