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Answer to Question #148913 in Microeconomics for Amanda Siedlik

Question #148913
How do you suppose the demographics of an aging population of “Baby Boomers” in the United States will affect the demand for milk?
1
Expert's answer
2020-12-06T17:49:26-0500

The demographics of an aging population of “Baby Boomers” in the United States will affect the demand for milk in such a way that the demand will go down. This happens because baby boomers consume milk when young, and the demand dissipates as they get older.


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