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What effect would a bumper crop most likely have on the price of that crop?​?

What effect would a bumper crop most likely have on the price of that crop?​?
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What effect would a bumper crop most likely have on the price of that crop?​?

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User Andrio
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1 Answer

1 vote
This will most likely drive down the price of that crop. Price is a function of demand and supply, if a bumper crop leads to much more supply with little change on the demand side, the price of the supply will have to reduce for the market to clear.
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User Rachel S
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