question archive You are aware of the three pillars of the milk policy regime in Canada, and how quota levels are determined, given the other two pillars, but what will happen if the demand curve shifts right due to income and population growth, but for some reason, the quota levels are not changed? What would you anticipate would happen in this market to result in a return to equilibrium, given no change in the price farmers are paid (P1), the quota level Q1, and the TRQ level which is exogenous in any case
You are aware of the three pillars of the milk policy regime in Canada, and how quota levels are determined, given the other two pillars, but what will happen if the demand curve shifts right due to income and population growth, but for some reason, the quota levels are not changed? What would you anticipate would happen in this market to result in a return to equilibrium, given no change in the price farmers are paid (P1), the quota level Q1, and the TRQ level which is exogenous in any case
Subject:FinancePrice: Bought3
You are aware of the three pillars of the milk policy regime in Canada, and how quota levels are determined, given the other two pillars, but what will happen if the demand curve shifts right due to income and population growth, but for some reason, the quota levels are not changed? What would you anticipate would happen in this market to result in a return to equilibrium, given no change in the price farmers are paid (P1), the quota level Q1, and the TRQ level which is exogenous in any case.
