Ask Question
BusinessBusiness
18 December, 06:31

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

+3
Answers (1)
  1. 18 December, 06:48
    0
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Why don't supply restriction programs work well in increasing farm prices and income? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Mark, a newspaper editor, walks into the newsroom and announces to a group of five reporters: "I'll pay a $2,000 bonus to the first reporter who finds definitive evidence that Senator Blue smoked marijuana at the celebrity party last Friday.
Answers (1)
A company would like to implement a management information system that integrates all functional areas within an organization to allow information exchange and collaboration among all parties involved in business operations.
Answers (1)
As environmental conditions change what occurs
Answers (1)
Coose the correct answer: A) A commercial bank creates money in the process of: B) Monetary policy is carried out by: C) By raising the required reserve ratio, the Fed instigates changes in banks' behavior that will ultimately result in
Answers (1)
As a software development project manager, Chang is extremely busy working on new products as well as improving old ones and fixing the glitches in existing ones.
Answers (1)
New Questions in Business
Which group holds slightly more than half of the professional jobs in the United States? A. Hispanic Americans. B. the unemployed. C. farmers. D. women.
Answers (2)
On January 2, 2019, Kornis Corporation acquired equipment for $ 1 comma 000 comma 000. The estimated life of the equipment is 5 years or 50 comma 000 hours. The estimated residual value is $ 40 comma 000.
Answers (1)
Explain the long run dynamics in a monopolistically competitive industry that is currently making positive economic profits. How do we define long run equilibrium in such markets? Explain.
Answers (1)
In a limited partnership, who assumes unlimited personal liability for the debts of the partnership? (A) General partners (B) Limited partners (C) Special partners (D) General partners, limited partners, and special partners (E) General partners and
Answers (1)
What was the average annual return on large-company stock from 1926 through 2016 in nominal terms? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.)
Answers (1)
Home » Business » Why don't supply restriction programs work well in increasing farm prices and income?
Sign Up Forgot Password?