Ntombifuthisibande Ntombifuthisibande

Today at 10:53 PM
Business

Answered

with the aid of graphs, illustrate the effect of a change in demand for chicken by restaurants to a chicken farmer

Answer :

newberrystephane newberrystephane

Today at 10:58 PM

Answer:

Systematic component of demand = (level + trend) X seasonal factor

Explanation:

Now in the given case, we can use the above equation as well as graphs based on historical trends to define the demand of chicken during each season. When the demand is high, chicken prices can lead to an increase with more pressure on chicken farmer to supply more chicken.

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