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Australian farmers produce 6.3 billion eggs per year and more than half of those are free range. For scenarios, a) and b) below, (i) state
Australian farmers produce 6.3 billion eggs per year and more than half of those are free range. For scenarios, a) and b) below, (i) state which of the four figures best matches what will happen in the market for free range eggs; (ii) explain why the selecte figure is the correct onw (iii)discuss the effects on the equilibrium price and quatity in the market for free range eggs.
- There is misinformation about the poultry being a source of COVID-19 spread in the country.
- The australian competition and consumer commission introduces stricter rule to police the marketing offs as "free range", thereby generating an increase in compliance costs
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