In Price and Supply, Wheat Is the Unstable Staple - 1 views
This article is about the soaring increase in prices for wheat which is cause by droughts crimping supply. The article highlights the relationship of the price of wheat to its demand.
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Bumper Crop Brings Food Price Relief For Consumers - 2 views
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Clelia K on 21 Oct 14A bumper crop of grains has decreased the price for corn, soybeans and wheat. This is a good example as to how a non-price determinant of supply can effect the prices of products, which in turn cause an increase in demand. Although this may be good for the average consumer, economists need to make sure that inflation doesn't fall too low, or cause deflation. This could cause corporate profit losses, causing wages to lower, which could potentially cause the economy to go into a recession.
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