Examlex
If the price elasticity of demand for farm products is low,abrupt changes in farm output will have a limited effect on prices.
Tariff
A tax levied on imports.
Domestic Price
The price of goods or services within a country's borders, as opposed to international or global prices.
Consumer Surplus
The difference between the total amount that consumers are willing to pay and the total amount they actually pay for a good or service.
Beef Consumption
The amount of beef eaten by individuals or populations within a certain timeframe.
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