The U.S. Department of Agriculture, www.nass.usda.gov, publishes charts on the prices of farm products. Click on the USDA linkClick on Charts and MapsClick on EconomicsClick on Ag PricesChoose three farm products and determine whether their prices (as measured by “prices received by farmers”) have generally increased, decreased, or stayed the same over the past three years. In which of the three cases, if any, do you think that supply has increased more rapidly than demand? In which of the three cases, if any, do you think that demand has increased more rapidly than supply? Explain your reasoning.
The U.S. Department of Agriculture
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