Time lags between the production decision and the resultant harvest contribute to
A)Profit.
B)Loss.
C)Price instability.

Question

Quizplus · Accepted Answer

Time lags between the production decision and the resultant harvest can lead to price instability in the market. This is because if there is a delay in production or if there is an unexpected increase or decrease in demand during the time lag, it can cause prices to fluctuate. This can result in uncertainty and risk for both farmers and consumers, leading to price instability in the market.

Time Lags Between the Production Decision and the Resultant Harvest