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Abstract: The component parts of a general equilibrium analysis relating price policy to income distribution is delineated. Data relative to the effects of price change on a variety of these component parts are presented. Discussion is focused on five major topics: direct effects of foodgrain price changes on distribution of income among consumers; direct effects of foodgrain price changes on distribution of income among producers; effect of relative changes in agricultural prices on agricultural production; effects of agricultural price policy on equipment; and major policy implications.
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Reprinted from Economic Development and Cultural Change, vol. 27, no. 1, October 1978.
Includes bibliographic footnotes.
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