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Answer to Question #329441 in Economics for Portia

Question #329441

The maize grown in Mphumalanga is used primarily to feed livestock. Suppose that the current "foot and mouth disease" scare were to lead to a significant drop in the size of cattle herds nationwide. What impact would you expect in the market for maize?


1
Expert's answer
2022-04-17T17:02:51-0400

Demand for maize will drop, causing a decrease in price of maize.


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