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Period farmers - PowerPoint PPT Presentation

Suppose we have a crop which takes a year to grow and is grown only once year,

Suppose we have a crop which takes a year to grow and is grown only once year,. P. e.g. Hops for Beer. S A. Suppose now that demand were to rise but supply cannot respond immediately. P 1. a. D A. Q 1. O. Q.

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Period farmers - PowerPoint PPT Presentation

Suppose we have a crop which takes a year to grow and is grown only once year,