What effect would a bumper crop most likely have on the price of that crop??

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02-11-2017
Business

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What effect would a bumper crop most likely have on the price of that crop??

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W0lf93 W0lf93 · Answer 1 · 2017-11-14T16:12:39+01:00

W0lf93 W0lf93

14-11-2017

This will most likely drive down the price of that crop. Price is a function of demand and supply, if a bumper crop leads to much more supply with little change on the demand side, the price of the supply will have to reduce for the market to clear.

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What effect would a bumper crop most likely have on the price of that crop?​?

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What effect would a bumper crop most likely have on the price of that crop??