Explain suppliers with horizontal demand curves, Microeconomics

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Explain suppliers with horizontal demand curves

There are many dairy farmers in the world and also many Starbucks coffeehouses. Why does a Starbucks coffeehouse face a downward-sloping demand curve while a dairy farmer has a horizontal demand curve? What other suppliers might face a downward-sloping demand curve and what implications does this have for their advertising budget as compared to suppliers with horizontal demand curves?

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Microeconomics: Explain suppliers with horizontal demand curves

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Microeconomics: Explain suppliers with horizontal demand curves

Reference No:- TGS053742

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

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Microeconomics: Explain suppliers with horizontal demand curves

Reference No:- TGS053742

Recent Questions Asked Microeconomics

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