Question: based on the attached table how can we use market analysis to predict the price and level of trade to prevail in 2019 ? Considering
based on the attached table how can we use market analysis to predict the price and level of trade to prevail in 2019 ? Considering that country's population is growing rapidly and, owing to more aggressive development of natural resource wealth, per capita income is also expected to rise in the years ahead. As a result of these developments, the World Bank predicts that by 2019, urban populations will increase by about 10 percent, and owing to greater spending power the WTP for cassavas of each consumer will increase by 5 percent. Thus, for instance, in Town 1 in the North, the population will increase from 8800 to 9680, and WTP will rise to $4.095. Owing to constraints on arable land, capacity will remain unchanged, as will production costs. Based on these figures, the prediction is that this lead to an increase of 10% in the production capacity and a price increase of 5 percent.

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