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please provide a complete explanation, thank you Question 2 Suppose a consumer survey shows that people do not mind consuming genetically modied (GM) mangoes. (3)

  1. please provide a complete explanation, thank you

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Question 2 Suppose a consumer survey shows that people do not mind consuming genetically modied (GM) mangoes. (3) Explain, using an appropriate diagram, the effect of introducing GM mango breeds on the equilibrium price and quantity in the market for mangoes. [13 marks] (b) Following the introduction of GM mango breeds, what will happen to mango farmers' revenue? Explain. [12 marks]

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