While a dairy farmer has a horizontal demand curve? what, Ask an Expert

Economics

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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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9467765

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