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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?
Expert's answer
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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