Expectations, Demand Shifts, and Milk Supply Response

The demand for dairy products shifted during the past decade to items with less fat. This, along with a dairy surplus, has led to a generic advertising campaign by the industry. Consumers have responded by increasing dairy product purchases, while changes in the provisions of the dairy support program have altered Government demands as well. This study compares effects of a shift in demand under two different assumptions regarding producer expectations.


Issue Date:
1992
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/138021
Published in:
Journal of Agricultural Economics Research, Volume 44, Number 1
Total Pages:
11




 Record created 2017-04-01, last modified 2018-01-22

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