Expectations, Demand Shifts, and Milk Supply Response

Albert J. Reed

Journal of Agricultural Economics Research, 1992, vol. 44, issue 01, 11

Abstract: The demand for dairy products shifted during the past decade to items with less fat. This, along with a dairy surplus, has led to a generic advertising campaign by the industry. Consumers have responded by increasing dairy product purchases, while changes in the provisions of the dairy support program have altered Government demands as well. This study compares effects of a shift in demand under two different assumptions regarding producer expectations.

Keywords: Food Consumption/Nutrition/Food Safety; Production Economics (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersja:138021

DOI: 10.22004/ag.econ.138021

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