Question 2:

In the November 2019 the price of pork in China increased by more than 100% as a result of the African swine fever crisis which has destroyed half of the pigs in the country. Source: Zou Sissy, (2019). See link: https://www.scmp.com/economy/china-economy/article/3037020/china- consumer-prices-jump-october-cost-pork-soars-more-100

Using supply and demand analysis graph and explain what the effect the price increase will have on the market for pork in China and on the market for beef in China. (5 marks)
Include at least four (4) authored and scholarly/reliable references for your assignment. E.g. Do not use "Wikipedia" as it is not a reliable source as anyone can contribute to or change its information.

draw diagram

Answer rating: 100% (QA)

To explain the effects of the price increase in pork on the market for pork and beef in China using ... View the full answer