Question: a. After the devastating typhoon Haiyan in the Philippines, the government and donor agencies embarked on rehabilitating rice production to avoid hunger and starvation. As

a. After the devastating typhoon Haiyan in the Philippines, the government and donor agencies embarked on rehabilitating rice production to avoid hunger and starvation. As a result, the Philippines experienced a rice bumper harvest which led to the equilibrium price to decrease to AUD 1.50 per kilogram

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