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Agricultural Economics Assignment

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Added on  2019-12-18

Agricultural Economics Assignment

   Added on 2019-12-18

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AGRICULTURALECONOMICS
Agricultural Economics Assignment_1
TABLE OF CONTENTSPART A...........................................................................................................................................3Write a short term outlook (approximately for 3 years past the data you find) for your selectedcommodity...................................................................................................................................3PART B............................................................................................................................................5Explain how the supply and demand affected the the prices of products...................................5REFERENCES................................................................................................................................7
Agricultural Economics Assignment_2
PART AWrite a short term outlook (approximately for 3 years past the data you find) for your selectedcommodity.Table 1Price of grape wines in past yearsYearShare price20122472013256201420020151942016184Figure 1Wine grape price in Australia(Source: Riverina wine grapes marketing board, 2017)Some of the reasons due to which grape price decline in the Australia are given below.Weak economic condition of USA and UK: Weak economic condition of the USA andUK market heavily affect the wine grape price in the Australia. It must be noted that USAand UK are the nations that are heavily affected by the economic crisis (Australian wine,2017). Due to economic crisis business conditions become uncertain and business firmsstart curtailing their workforce and due to this reason unemployment rate get increased inthe both nations. Due to elevation in the unemployment rate people spending power get
Agricultural Economics Assignment_3

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