Question
1.One result of the COVID pandemic is a new set of rules that have required restaurants in BC to allow more space between tables, so
1.One result of the COVID pandemic is a new set of rules that have required restaurants in BC to allow more space between tables, so a lower density of seats and tables within the restaurant. Using our farm-retail price model, we can anticipate what will be effect of these new city-wide rules on the prices farmers will be paid for their raw food products that they normally sell to the restaurants. (a) use a diagram to illustrate and explain this side effect of the new COVID rules on farm suppliers. (b) Can you describe a different market situation where the farmer price would not change?
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