Suppose a devastating cyclone had destroyed enormous amount of forest land in the Sundarbans area of Bangladesh. Instead of reforestation, the government has decided to clear those enormous amount of...

Suppose a devastating cyclone had destroyed enormous amount of forest land in the
Sundarbans area of Bangladesh. Instead of reforestation, the government has decided
to clear those enormous amount of forest land for agricultural use.
a. Graphically show the impact of this event on the market for agricultural land
in Bangladesh. What has happened to the marginal product of land and the
rental price of land in Bangladesh?
b. Show the impact of this event on the market for Bangladeshi farm workers in
another graph. What has happened to the marginal product of farm labour and
the wage of farm labour?