Question
In the November 2019 the price of pork in China increased by more than 100% as a result of the African swine fever crisis which
In the November 2019 the price of pork in China increased by more than 100% as a result of the African swine fever crisis which has destroyed half of the pigs in the country. Source: Zou Sissy, (2019).
Using supply and demand analysis graph and explain what the effect the price increase will have on the market for pork in China and on the market for beef in China.
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Modeling Monetary Economies
Authors: Bruce Champ, Scott Freeman, Joseph Haslag
4th Edition
1316508671, 1316508676, 9781316723302 , 978-1107145221
