In this article by Catherine Merlo titled "Why Dairy Demand Has Become More Elastic" who is an editor for Ag Web describes the issues that diary prices are having on demand. Over the years dairy was always stable when it came to prices but since the past years prices have been increasing causing the demand for dairy to become more and more elastic.
After reading this article I realize now how much economics is associated with our lives everyday. Normal things that you do not think about is impacted by economics and economic decisions. Link Below:
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