Elasticity of Pecan Market The denomination Big arch down Wont Reduce Pecan Prices is astir(predicate) how the merchandise for pecans affects the both the wholesale foodstuff and the retail market. The article describes how pecans ar relatively inelastic approximately major holidays, such(prenominal) as Thanksgiving and Christmas. It is stated that there was a one hundred fifty one million million pound maturation in pecans from the previous year. Since there was such a great increase in quantity supplied, the harm decreased. Since the demand for pecans is relatively inelastic, consumers are not affected by a change in price.
This article also describes the balance betwixt the wholesale market and the retail market for pecans. wholesale markets produce the pecans, and sell them to retailers for a first gear price; between seventy-five to 85 cents per pound. While the retailers purchase the pecans for a low price, they turn around and sell them to consumers for about five generation the price they pay for them. The pecan producers have no contro...If you compliments to get a full essay, order it on our website:
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