Posts Tagged ‘world food prices’

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    A Race Between Supply and Demand

    Feb 7, 11 • 175 Views • Demand, Supply, and Markets, Developing Economies, Economic Debates, EnvironmentNo Comments

    In a wonderful Chip Bok cartoon, a child starts by asking, “Why are gas prices so high?” and is told, “Turmoil in the Mid East.” Then, asking about the turmoil, he is told the source is “High Food Prices.” The reason for