Posts Tagged ‘change in supply’

  • Peanut prices respond to demand and supply

    Peanuts or Cotton?

    Oct 12, 11 • 173 Views • Businesses, Demand, Supply, and Markets, Thinking EconomicallyNo Comments

    Farmers decided to plant fewer peanuts when cotton prices soared. The result? Now peanut prices are skyrocketing. Here is the story. Perhaps it all began with higher cotton prices. Responding, peanut farmers switched some acreage to cotton. Combine that

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    A Corn Price Surprise

    Jul 7, 11 • 208 Views • Businesses, Demand, Supply, and Markets, Financial Markets, Government, International Trade and Finance, Thinking EconomicallyNo Comments

    Interesting how real life can imitate economics. You know how corn prices have been soaring? Well, farmers responded just like they read an econ textbook. They increased supply. One tradeoff?  A smaller soybean crop. Here are the headlines. You can see