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Pages:
1 page/≈275 words
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Level:
APA
Subject:
Mathematics & Economics
Type:
Essay
Language:
English (U.S.)
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Topic:

Supply and Demand in the U.S. (Essay Sample)

Instructions:

Please discuss: Farm commodity prices—Supply and demand in action The U.S. Department of Agriculture, www.nass.usda.gov, publishes charts on the prices of farm products. Go to the USDA home page and select Charts and Maps and then Agricultural Prices (under Economics). Choose three farm products and determine whether their prices (as measured by "prices received") have generally increased, decreased, or stayed the same over the past three years. In which of the three cases, if any, do you think that supply has increased more rapidly than demand? In which of the three cases, if any, do you think that demand has increased more rapidly than supply? Explain your reasoning.

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Content:

Supply and Demand in the U.S
Author’s Name
University Affiliation
Supply and Demand in the U.S
Analysis for Corn, Hogs and Soybeans
In the year 2011, the price of corn increased sharply, but fell slightly in the year 2012 and increased slightly, remained constant slightly. The price remained constant in 2013 but began to decrease sharply until 2014. Throughout the period 2011-2014, the price of corn has decreased.
The price for hogs increased in 2011. The price fell in the year 2012, but remained constant, but later decreased sharply in 2013. In 2013, the price remained constant, fell a little and increased. Between 2013 and 2014, the price fell. In 2014, the price increased, fell slightly, and remained constant and increased. The price, however, decreased in the year 2014. As such, the price for hogs has increased.
The price of soybeans increased in 2011, fell slightly in 2012, and increased sharply in the year 2013. Still, in 2013, the price remained constant but fell. In the year 2014, the price increased slightly and fell by the same margin. Through the period, the price of soybeans has generally increased (United States Department of Agriculture, 2010).
Demand and Supply
Americans consumer hogs, corn and soybeans differently, and price is the main factor, which shows the demand and supply of the products over the three-year period. An overview of the price of corn reveals a decrease in th...
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