COMMENT ON "EFFECTS OF AN EXCHANGE RATE CHANGE ON AGRICULTURAL TRADE"
Maury E. Bredahl and
Paul W. Gallagher
Journal of Agricultural Economics Research, 1977, vol. 29, issue 2, 4
Effects of devaluation are examined for a one-commodity, tworegion case. A percentage change in price of the ()commodity will not exceed a percentage change in the quantity traded of the commodity. A change in quantity traded could be large, even under the assumption that underlying supply and demand relations are inelastic.
Keywords: Agricultural and Food Policy; Agricultural Finance (search for similar items in EconPapers)
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