Effects of price fall on market price by demand and supply


Consider the recent significant fall in the price of non-branded (supermarket) milk compared to branded milk in Australia. Illustrate using demand and supply diagrames the )short-term) effects of this price fall on the market price and amount sold in both the non-branded milk and branded milk markets. Be clear about any assumptions which underpin your analysis.

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Microeconomics: Effects of price fall on market price by demand and supply
Reference No:- TGS074056

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