Economics...!!!

Pakistan
December 28, 2010 1:35pm CST
Why farmer,s income raise in bad harvest and fall in good harvest? Please elaborate...
1 response
louievill
@louievill (28851)
• Philippines
28 Dec 10
It is because of the law of supply and demand, in a good harvest there is ample supply so demand is lower causing prices of the produce to fall, in a bad harvest, more often than not there is scarcity so prices go up so that is where they make a good profit