Do you agree with your classmate? Use the concepts in the chapter to justify your answer. Don't forget to provide new or additional information your classmate did not offer. Answer to both of these two prompts, the first one and the website from where they got it from and the second one the same thing of where they got the answers from. These are two different prompts.

In this article, there is too much supply of Cotton with not enough demand of it. In the South Carolina Cotton Growers Meeting, the growers were told it would be a slow economy this year. The excess from the current year added to the amount being produced this year leads to a greater surplus. People are focusing on Needs more than Wants which leads to cotton being used less. Prices for some needs are coming down which could lead to Consumers having more money to spend on products with cotton.

https://news.clemson.edu/cotton-growers-looking-at-high-supply-low-demand/Links to an external site.

Recently there has been an issue with the supply and demand of eggs.

Right now, the demand for eggs is very high while they are in short supply. One of the reasons for short supply is the increase in the presence of bird flu. Other issues affecting the supply are drought, increased animal feed prices and increased transportation costs.

The economic repercussions of this right now are severely increased price for eggs.

https://www.msn.com/en-us/foodanddrink/foodnews/oklahoma-farmer-says-current-demand-for-eggs-far-outpaces-supply/ar-AA169Me5Links to an external site.