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18 December, 06:31

Why don't supply restriction programs work well in increasing farm prices and income?

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  1. 18 December, 06:48
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    Supply restricted program heavily reduce the amount of products that sold in the market (that mostly came from import) in order to increase the price and income for local business.

    But one thing that needed to be considered is, when the price is increased, the demand for that product will decrease at the same time, so eventually the sellers will have to bring the price down again to increase the demand.
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