Abstract:Wide fluctuations in the price of an agricultural product are often correlated with inelasticity of supply and/or demand for the product. The issue of whether such fluctuations are desirable or undesirable for cocoa producing countries has still to be settled. Among those who believe that price fluctuations are undesirable and should be reduced, there are divergent opinions as to how these fluctuations should be reduced. The objective of this study is to determine the effect of price stabilization on the econo… Show more
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