Question
Before every answer, please copy the specific circumstance (including the indicated highest possible points) that corresponds to your answer. You are the head of an
Before every answer, please copy the specific circumstance (including the indicated highest possible points) that corresponds to your answer.
You are the head of an agricultural association for mango planters in Cebu. Part of your management report, you will need to predict the effects on the price and output of mangoes under the following independent circumstances.
a)A typhoon destroys a vast number of mango trees in Cebu. (5 points)
b) The Department of Agriculture in coordination with the Department of Science and Technology discovers a method that increases the number of mangoes produced by each tree. (5 points)
c) The price of imported peaches in Cebu falls. (15 points)
Using the demand and supply analysis, what are your predictions?
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