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Kyuhwan L

Corn, Soybeans Decline on Slowing Demand for U.S. Supplies - 0 views

www.bloomberg.com/...g-demand-for-u-s-supplies.html

Corn Soybean Producers consumers demand supply allocative inefficiency Supplier's Surplus Equilibrium Price Mechanism

shared by Kyuhwan L on 16 Oct 12 - No Cached
  • Kyuhwan L on 16 Oct 12
     
    Corn and Soybean prices fell as buyers are moving away from American producers to suppliers in South America such as Brazil and Argentina. Due to the declining demand, there will be allocative inefficiency and supplier's surplus with American corn and soybean. The equilibrium is not achieved, however the price mechanism could perhaps self-right the graph by lowering price and allow the supply to be harmonious with demand.
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