The high pepper price and falling coffee price have made Vietnamese farmers replace coffee plants with pepper

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The high pepper price and falling coffee price have made Vietnamese farmers replace coffee plants with pepper plants. Analysts fear farmers have used diseased pepper plants which could fail.

a. Explain how the market for Vietnamese coffee will change as farmers switch to pepper.

b. If pepper plants fail, what would happen to the price of pepper?

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Microeconomics

ISBN: 9780134744476

13th Edition

Authors: Michael Parkin

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Question Posted: Feb 07, 2024 01:22 PM

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The high pepper price and falling coffee price have made Vietnamese farmers replace coffee plants with pepper

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Microeconomics

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