Notice of Hearing on the Application to Use Sodium Fluoroacetate ...

'+/oul d nec5s sari :;J 5er;er'i -, sheep ?rcrduceri as a ,vP,o? 2 . +?, :oj fl:sd
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ou: that avai 1 abi 2 daca (Gee, 2' a i . here LC zhe ?.ff?cr '52: 43
percenr <strong>of</strong> comercia1 ~roduc~rs in che weszern iJnif2d Sta~ss haa
no lamb 10552s to predators, that 67 percznt incurred no sheq
losses to predators and that only 23 percent had predator losses
<strong>of</strong> lambs greater than 10 percent. ile explained that zn increasz in
sup01 y might %el 1 decrzase pri css suffi ci ently thaz gross revmce
to the indus~ry l~ould be reduced and that in such an ovent,
producers sufyeri ng 1 "Ltl2 or no predatior; would rec2iva icwer ?ri c3s
and no correspondi ng benef i is. ?reducers wi th high przdacion racts
would gain at ;he expens2 <strong>of</strong> produc2rs with low predation. 'Ahether
an increas2 in _supply ~ould, in fact, res~i t in a dscrzasz in ;ric~s
depends on the imsizf vity <strong>of</strong> pricz to the quanti cy sola which is
termed "~ri ce il exi bi 1 i ty or price el asti ci ty <strong>of</strong> denand. " "P7.i ?-- \r -
flexibility" is che percent~ge change in ?ric2 wnich will resul i.
from a one perc~nt change in the quanti ty <strong>of</strong>S2rsd for sals, whi :e
"elasticity <strong>of</strong> demand" is the percznmse change jn quantity purchased
that results from a one percent change in price. Dr. Power stated
that crudely one could be regarded as the reciprocal 37 the ocher
He testified that the price flexi bi 1 i ty coefficient util i zed by
USDI <strong>of</strong> -.I7 translated to a minimum demand ~lasticity <strong>of</strong> 5.58,
meaning that a one percent decrease in price l~ould result in ;n
increase <strong>of</strong> almost 6 percent in quantity purchased. He asserted
this had never been observed and was unrealistid.
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