(2 marks) If primary demand is downward sloping, primary supply is upward sloping and the marketing margin is constant,
Posted: Wed Apr 27, 2022 1:07 pm
(2 marks) If primary demand is downward sloping, primary supply
is upward sloping and the marketing margin is constant, what
happens to farm-level price when there is an increase in
retail-level demand and nothing else changes?
Question 27 options:
Farm-level price does not change
Farm-level price rises
Farm-level price falls
Unsure
is upward sloping and the marketing margin is constant, what
happens to farm-level price when there is an increase in
retail-level demand and nothing else changes?
Question 27 options:
Farm-level price does not change
Farm-level price rises
Farm-level price falls
Unsure