export crops, the rate of price increase was generally quite high. Domestic prices, repressed at a very
low level, have risen dramatically because of the stimulus provided by international prices, and this
has resulted in a sharp increase in production and in exports. Second, the price of import competition
crops increased by only a small amount, since the expansion of imports prevented a surge in
domestic prices. Third, crops destined for the domestic market underwent a fairly large increase in
price. This may well be the result of the high income elasticity of items such as vegetables, meat and
fishery products.
export crops, the rate of price increase was generally quite high. Domestic prices, repressed at a verylow level, have risen dramatically because of the stimulus provided by international prices, and thishas resulted in a sharp increase in production and in exports. Second, the price of import competitioncrops increased by only a small amount, since the expansion of imports prevented a surge indomestic prices. Third, crops destined for the domestic market underwent a fairly large increase inprice. This may well be the result of the high income elasticity of items such as vegetables, meat andfishery products.
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