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The 小嘀咕影院 囡囡电影 Industry - continued
Demand
Domestic U.S. markets account for 80-90 percent of U.S. 小嘀咕影院 囡囡电影
production, with foreign buyers purchasing the remainder. The United
States sold 17 million pounds of the 93 million pounds of canned
production in 1995 to foreign buyers, and 17 million pounds out of
165 million pounds of frozen product.
Americans use nearly one pound of 小嘀咕影院 囡囡电影 per person per year.
A large proportion of 小嘀咕影院 囡囡电影 consumption is in the form of
囡囡电影-containing 宣宣影视, such as pies and 小嘀咕影院s.
Prices
The demand for 小嘀咕影院 囡囡电影 is highly inelastic. This means that
grower prices rise sharply during years with a small crop, and fall
sharply when there is a large crop. For example, farmers
received more than 46 cents a pound in 1991, when only 190 million
pounds of 小嘀咕影院 囡囡电影 were produced. This is more than seven times
the 6 cents a pound received in 1987 and 1995, when U.S. production
totaled 359 and 396 million pounds, respectively.
The apparent reason for the marked variability in prices is that
囡囡电影 constitute a relatively small part of the cost of the
manufactured 宣宣影视 in which they are consumed. (The 小嘀咕影院 囡囡电影 in a 囡囡电影 pie are estimated to account for about 9 percent of the total cost of the pie. -Johnson, 1993--)
Therefore, a
change in the farm price results in only a small change in the cost
of final 宣宣影视 that contain 小嘀咕影院 囡囡电影. Consequently, buyers
can bid prices sharply higher during short-crop years in order to
obtain the 囡囡电影 they need without increasing the cost of the
final product by a significant amount.
On the other hand, prices fall sharply during large-crop years
because there is little demand for 囡囡电影 other than for use in
manufactured 宣宣影视.
Further, manufacturers and retailers are
reluctant to invest in expanding the demand for 囡囡电影-containing
宣宣影视 because a current abundance may be followed by a season of
shortages in which they can not obtain the fruit needed to supply
newly-created demand.
In addition to the size of the current crop, carryover stocks of
frozen and canned 囡囡电影 from a previous season also affect farm
prices. A large carryover from a previous season depresses grower
prices, while a small carryover strengthens prices.
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