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7 March, 21:27

Farmers can choose to produce eggs or milk. if there is an increase in the price of milk then what will be the effect in the egg market?

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  1. 8 March, 00:48
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    If farmers have the ability to either product eggs or milk and the price of milk goes up they may try and produce more eggs. If customers are buying less milk due to the increase in price, they are being effected by the change in the price of milk. Farmers should produce more eggs in the event they aren't selling and profiting as much from the milk to make sure they are earning what they need to.
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