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What will happen to the world price of pepper

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Reference no: EM132785977

Vietnam's Coffee Growers Face Profit Squeeze from Bumper Crop Faced with falling coffee prices, Vietnam's coffee producers are diversifying into more profitable crops such as pepper and avocados. Source: Financial Times, August 21, 2018

a. Explain how the world market for coffee changes as Vietnamese farmers switch to growing other more profitable crops.

b. As Vietnamese farmers switch to pepper, what will happen to the world price of pepper?

Reference no: EM132785977

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