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Signalling and incentive functions of price and maximum price

Questions AnswersAcross the world, people are going to be affected by increasing world food prices. The war in Ukraine has put a significant constraint on the supply of its major agricultural exports corn, wheat, and vegetable oil. This constraint is likely to get worse in the coming months. A fall in the supply of agricultural products from Russia is going to put further pressure on the price of food. In the last few...

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