Briefly explain how the demand for soya beans in Zambia is affected by the following: i) The soya beans Association in Zambia increases the soya beans prices effective the following week ii) The buyers prefer corn beans to soya beans iii) Increase in income for soya beans consumers iv) Price change for corn beans that is a substitute good v) Number of soya beans customers or consumers
Briefly explain how the demand for soya beans in Zambia is affected by the following: i) The soya beans Association in Zambia increases the soya beans prices effective the following week ii) The buyers prefer corn beans to soya beans iii) Increase in income for soya beans consumers iv) Price change for corn beans that is a substitute good v) Number of soya beans customers or consumers
Chapter3: Supply And Demand: Theory
Section: Chapter Questions
Problem 20QP
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Question
Briefly explain how the
- i) The soya beans Association in Zambia increases the soya beans prices effective
the following week
ii) The buyers prefer corn beans to soya beans |
|
iii) Increase in income for soya beans consumers |
|
iv) |
|
v) Number of soya beans customers or consumers
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