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The motto of government behind land acquisition bill is to acquire land on the basis of industrialist.what will be the effect of it on market supply curve of agricultural land.?
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The motto of government behind land acquisition bill is to acquire lan...
Introduction:
The government's motto behind the land acquisition bill, which aims to acquire land on the basis of industrialist requirements, is likely to have a significant effect on the market supply curve of agricultural land. This essay will discuss the potential impact of the government's approach on the market supply curve of agricultural land in detail.

Effect on Market Supply Curve:
The government's emphasis on acquiring land for industrial purposes can lead to a decrease in the supply of agricultural land, resulting in a leftward shift of the supply curve. This shift occurs due to the conversion of agricultural land into industrial land, which reduces the availability of land for farming activities.

Decreased availability:
1. Acquisition of agricultural land for industrial purposes reduces the total area of land available for farming.
2. This decrease in availability leads to a reduction in the quantity of agricultural land supplied in the market.

Increased demand for industrial land:
1. The government's focus on acquiring land for industrialist requirements indicates an increased demand for industrial land.
2. Industrialists are likely to pay higher prices for land suitable for their industrial projects, increasing the competition for land.

Rise in land prices:
1. The increased demand for industrial land coupled with the limited supply of agricultural land puts upward pressure on land prices.
2. Higher land prices make it more expensive for farmers to acquire or lease land for agricultural purposes.

Shift in market equilibrium:
1. The leftward shift in the supply curve of agricultural land and the potential increase in land prices can lead to a shift in the market equilibrium.
2. The equilibrium quantity of agricultural land is likely to decrease, while the equilibrium price may increase.

Impact on farmers:
1. Farmers may face challenges in accessing land for agricultural activities due to the reduced availability and higher prices.
2. This can lead to a decline in agricultural production and negatively impact the livelihoods of farmers.

Conclusion:
In conclusion, the government's focus on acquiring land for industrialist requirements can have a significant impact on the market supply curve of agricultural land. The decreased availability of agricultural land and potential increase in land prices can lead to a leftward shift in the supply curve and affect the equilibrium quantity and price. Farmers may face difficulties in accessing land, which can impact agricultural production and the livelihoods of farmers.
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The motto of government behind land acquisition bill is to acquire land on the basis of industrialist.what will be the effect of it on market supply curve of agricultural land.?
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