Science, asked by revathyrevu6361, 3 days ago

how does bumper crop harvest affect supply and demand

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Answered by saravananmaya1

0

Answer:

The fall in the income or revenue of the farmer as a result of the bumper crop is due to the fact that with greater supply the prices of the crop decline drastically and in the context of inelastic demand for them, bring about fall in the income of the farmers. ... An increase in their supply tends to lower their price.

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