Supply and Demand

Each and every day we rely upon goods and services whose prices are influenced by supply and demand. The following articles discuss such products and their price changes. Access each of these articles and, using the questions provided, determine some of the factors which influence supply and some of the factors which influence demand.

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  1. Agriculture Soap Opera: The Dry and The Wet
    1. This article discusses at least four or five factors which have caused the price of agricultural prices to decrease. What are these factors, and does each one affect supply or demand? Why? (i.e., is a demand shifter or a supply shifter being changed)

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    2. Does the author of this article suggest any factors which might cause the price of agricultural products to increase in the near future? If so, what factors does he suggest that may lead to this price increase, and, again, does each one affect supply or demand?

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  2. The article Empty Apartments states that the road to recovery in the multifamily residential housing (apartment building) market will be a long one.
    1. According to the article, how have low martgage rates impacted the multifamily housing (apartment) market? (What demand shifter is being altered?)

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    2. How and why did the 2001 recession and the current lackluster economic expansion effect the demand for apartments? (What demand shifter is being altered?)

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    3. What factor (factors) on the supply side of the market are adversely affecting the multifamily housing (apartment) market? (What supply shifter is being altered?)

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  3. The author of the article Why Crude Remains Dear expects the price for crude oil to remain at a high level.
    1. What factor (factors) on the supply side of the market are expected to keep crude oil prices high? (Which supply shifter is (shifters are) involved?)

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    2. What factor (factors) on the demand side of the market are expected to keep crude oil prices high? (Which demand shifter is (shifters are) involved?)

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Last updated September 14, 2003

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