Demand and Supply — Market Mechanisms for Agricultural Products

Bernadette Andreosso-O’Callaghan
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Bernadette Andreosso-O’Callaghan: University of Limerick

Chapter 2 in The Economics of European Agriculture, 2003, pp 41-64 from Palgrave Macmillan

Abstract: Abstract From a demand and supply perspective, agricultural products fall into three broad groups: food, raw materials and non-food consumer goods such as cut flowers, trees and shrubs. Raw materials such as cotton are of very limited importance to the EU, whereas public policy is normally extremely limited with regard to non-food consumer products. This explains why most of the attention of European agricultural economists has traditionally been confined to food products.

Keywords: Bovine Spongiform Encephalopathy; Demand Curve; Food Price; Income Elasticity; Supply Curve (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-00117-6_3

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DOI: 10.1057/9780230001176_3

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