Ch 6 Market Interference

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Unformatted text preview: Harvests, Farm Prices, and Farm Revenues Price (dollars per tonne) MS1 MS0 400 Poor Poor harvest harvest 300 $1.5 billion 200 100 0 $3.0 billion 5 10 $1.0 billion 15 15 20 D 25 Quantity (millions of tonnes per year) Harvests, Farm Prices, and Farm Revenues MS2 Price (dollars per tonne) MS0 400 300 Bumper Bumper harvest harvest 200 $2.0 billion 100 $0.5 billion $2.0 billion $2.0 billion 0 5 10 15 20 25 D Quantity (millions of tonnes per year) Farm Marketing Boards Farm • Price floors • Quotas ...
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This document was uploaded on 03/13/2014.

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