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when there bumper harvest for the farmers the supply of the goods will also increase and when there is increase in supply of goods there will be reduce in price of the goods. when the price of the goods decreases the total income of the farmers will also ultimately reduced. In this way whenever there is bumper harvest that leads to reduction of the income of the farmers
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A good harvest will generally lower the income of farmers illustrate this proposition using a supply and demand diagram?
agood harvest will generally lower the income of farmers illustrate this proposition using asupply and diagram
Are consumption and income positively related or are they negatively related?
They are positively, or directly related. An increase in income is associated with an increase in income; a decrease in consumption accompanies a decrease in income.
If a is an inferior good and consumer income risesthe demand for a will?
Inferior goodA good for which an INCREASE(decrease) in consumer income will lead to a DECREASE(increase) in demand for that good.Normal GoodA good for which an INCREASE(decrease) in consumer income will lead to a INCREASE(decrease) in demand for that good.
How can an increase in nominal income and a decrease in real income occur simultaneously?
real income is the change with inflation taken into account, nominal income is purely the change of income therefore if inflation was to be 5% and nominal income increased by 2% there would be a real income decrease of 3%
How did successful growth of bumper crops ultimately hurt farmers?
The successful growth of bumper crops often led to overproduction, which caused a drop in prices due to an oversupply in the market. As prices fell, many farmers struggled to cover their production costs, leading to reduced income and financial instability. Additionally, the reliance on monoculture and intensive farming practices to achieve these high yields depleted soil health and led to increased vulnerability to pests and diseases. Consequently, what initially seemed like a boon turned into a cycle of economic hardship for many farmers.
A good harvest will generally lower the income of farmers illustrate this proposition using a supply and demand diagram?
agood harvest will generally lower the income of farmers illustrate this proposition using asupply and diagram
When do most soybean farmers call option for hedging?
Soybean farmers sell call options for hedging against Price Uncertainty and Harvest Uncertainty.Nothing destroys the income of soybean farmers more than a sudden price decline during harvest or a unexpected bad harvest. As such, selling call options to buyers guarantees the farmer against a sudden price decline and allows some income to be made even in a bad harvest.
Does disposable income decrease when income decreases?
yes because the disposable income it is necessary to determine total income so when income decrease does disposable income decrease also.
How can capital durability eventually decrease the level of investment?
How can capital durability eventually decrease the level of investment?
Are consumption and income positively related or are they negatively related?
They are positively, or directly related. An increase in income is associated with an increase in income; a decrease in consumption accompanies a decrease in income.
How were tenant farmers different from sharecroppers?
Tenant farmers were different from sharecroppers because they usually had their own tools and animals.
Is it true that a general decrease in people's discretionary income will lead to a decrease in cost of living and living standards?
A general decrease in discretionary income generally leads to a decrease in living standards.
If a is an inferior good and consumer income risesthe demand for a will?
Inferior goodA good for which an INCREASE(decrease) in consumer income will lead to a DECREASE(increase) in demand for that good.Normal GoodA good for which an INCREASE(decrease) in consumer income will lead to a INCREASE(decrease) in demand for that good.
A seven letter word 4 income?
harvest
How can an increase in nominal income and a decrease in real income occur simultaneously?
real income is the change with inflation taken into account, nominal income is purely the change of income therefore if inflation was to be 5% and nominal income increased by 2% there would be a real income decrease of 3%
From where do farmers obtain the inputs that they require?
farmers obtain their inputs from the markets with their surplus income.
Does a debit decrease an income account?
yes
