Supply/demand analysis states that equilibrium occurs where quantity supplied equals quantity demanded, but in U.S. agricultural markets

Question:

Supply/demand analysis states that equilibrium occurs where quantity supplied equals quantity demanded, but in U.S. agricultural markets quantity supplied almost always exceeds quantity demanded. How can this be?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Macroeconomics

ISBN: 978-0077307110

8th edition

Authors: David Colander

See More Books

Question Posted: Feb 12, 2016 04:51 AM

See More Questions

Assume the market for corn is depicted as in the table that appears below. a. Complete the table below. b. What market pressure occurs when quantity demanded exceeds quantity supplied? Explain. c....
The equilibrium price in problem is P = 3. This is an equilibrium because at this price, quantity demanded is precisely equal to quantity supplied (Q = 500). One might ask how the market is to reach...
1. The following relations describe demand and supply. Q = 700 - 100P (1) Q = -100 + 100P (2) Where P is price in dollar and Q is quantity in unit. a. Which equation (1) or (2), is demand equation...
Which is the most effective means of motivating trainees for a training program? a. Pay extra for training time. b. Require the training only for newly hired workers. c. Explain why the training is...
Identify each of the following forms: a. Form 941 b. Form W- 2 c. Form W- 3 d. Form 1099- Misc. e. Earnings statement
A design engineer for the Ford Motor Company must estimate the mean leg length of all adults. She obtains a list of the 1275 employees at her facility, then obtains a simple random sample of 50...
Describe the working of a window type air-conditioner with a neat sketch.
Dollar Bill Investments completed these long-term, available-for-sale investment transactions during 2016: Jan. 14 Purchased 200 shares of Microscape stock, paying $52 per share. The investment...
When your firm has job titles like dungeon designer and loremaster and the statue in front of company headquarters is a 12-foot-tall, 2-ton Orc riding a wolf, you know you don't work in an everyday...
Suppose that the burning times of electric light bulbs approximate a normal curve with a mean of 1200 hours and a standard deviation of 120 hours. What proportion of lights burn for (a) Less than 960...
In 1996, the television networks were given $70 billion worth of space on public airways for broadcasting high-definition television rather than auction it off. a. Why do airways have value? b. After...
In Japan, doctors prescribe drugs and supply the drugs to the patient, receiving a 25 percent markup. In the United States, doctors prescribe drugs, but, generally, they do not sell them. (Difficult)...
Allen Fraser was president of three corporations: Missouri Metals Corporation, Kansas Metals Corporation, and Iowa Metals Corporation. Each of the three corporations owned land and buildings acquired...
Does natural selection act on genotype or phenotype?
Why is the surface-area-to-volume ratio important in thermoregulation?
Suppose you want to earn a real interest rate of 5 percent. For inflation rates of 0.0, 1.0, 2.0, . . . , 9.0, 10.0, 15.0, 20.0, and 50.0 percent, determine the combined rate of interest you must...
A friend in your study group says that an RNA molecule can sometimes stick to itself, forming a stem and loop that sort of look like a hairpin. But I thought RNA was single-stranded! another friend...
Why is parental care adaptive in certain species?
Moon Ltd. reported the following: Required: 1. What is the amount of the taxable income or loss in each year? 2. How much is the tax refund to be claimed in 20X8? 3. What is the amount of the loss...
Find the reduced echelon form of each of the matrices given in Problems 120. c 1 26 + 4
What is the problem with regulations that set prices relative to costs?
Why is it almost impossible for a perfect monopoly to exist?
Explain, using supply and demand curves, why most agricultural markets are not perfectly competitive.
Given that h(x)=x+6 and g(x)=x-5, find (g+h)(5), if it exists.
What is fractional reserve banking and how did it develop? What tradeoff does fractional reserve banking face that 100% reserve banking does not ?
Bounce Fitness aims to expand their business into the food industry. They wish to start by building on-site health cafes in all their gyms. As the Communications Officer at the Bounce Fitness Head...

Supply/demand analysis states that equilibrium occurs where quantity supplied equals quantity demanded, but in U.S. agricultural markets

Question:

Step by Step Answer:

Excess supply in US agricultural markets ...View the full answer

Macroeconomics

Students also viewed these Economics questions