Coffee, tea, and cocoa, which are grown in almost every tropical and subtropical country, are among the most important exportcrops of developing countries. But the relative rigidity of short-term supply and the low price elasticity of demand in importing countries, combined with the long gestation period of crops, cause alternating short periods of boom conditions and long periods of oversupply and consequently depressed market prices. This trend...
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1978/01/01
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Рабочие документы (нумерованная серия)
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OCP22
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1
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1
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2010/07/01
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Coffee, tea, and cocoa : market prospects and development lending
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price elasticity of demand
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