Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Should corn be subsidized?
#72
ukyfootball Wrote:I was applying economics to the situation. Anytime supply increases, demand decreases. The demand for corn will not be of a high amount because there is so much more corn in the market. Thats just how it works. As I said before, the laws of demand and supply are driven by price.
The demand for corn does not drop following a favorable growing season that results in a surplus because the increase in supply is not the result of a price increase. Increases (or decreases) in supply are not necessarily preceded by price increases in the case of commodities. In some cases, particularly in the case of commodities like corn, price changes follow changes in supply or expected changes in supply.

Idealized supply and demand curves assume other factors are held constant but that is rarely true in the real world. You mentioned nothing about price in the initial post that I corrected.

This is my last post on the subject. You do not seem to understand how to apply the laws of supply and demand apply to real world situations and I do not know how to explain it to you any better. I have outlined a common scenario where the price of corn changes in reaction to a surplus. Price does not always drive supply, especially over the short term where commodities are concerned. Repeatedly typing the laws of supply and demand from your Econ 101 textbook here will not change that fact.
Messages In This Thread
Should corn be subsidized? - by ukyfootball - 07-26-2010, 09:03 PM
Should corn be subsidized? - by Captain Backdoor - 07-26-2010, 09:37 PM
Should corn be subsidized? - by ukyfootball - 07-27-2010, 12:10 AM
Should corn be subsidized? - by Captain Backdoor - 07-27-2010, 06:59 AM
Should corn be subsidized? - by ukyfootball - 07-27-2010, 10:50 AM
Should corn be subsidized? - by Captain Backdoor - 07-27-2010, 12:15 PM
Should corn be subsidized? - by Captain Backdoor - 07-27-2010, 12:18 PM
Should corn be subsidized? - by ukyfootball - 07-27-2010, 01:28 PM
Should corn be subsidized? - by Captain Backdoor - 07-27-2010, 01:42 PM
Should corn be subsidized? - by ukyfootball - 07-27-2010, 02:39 PM
Should corn be subsidized? - by Captain Backdoor - 07-27-2010, 03:16 PM
Should corn be subsidized? - by Stardust - 07-27-2010, 03:19 PM
Should corn be subsidized? - by ukyfootball - 07-27-2010, 04:02 PM
Should corn be subsidized? - by ukyfootball - 07-27-2010, 04:03 PM
Should corn be subsidized? - by vundy33 - 07-27-2010, 04:16 PM
Should corn be subsidized? - by Captain Backdoor - 07-27-2010, 04:26 PM
Should corn be subsidized? - by Captain Backdoor - 07-27-2010, 04:29 PM
Should corn be subsidized? - by Captain Backdoor - 07-27-2010, 04:32 PM
Should corn be subsidized? - by ukyfootball - 07-27-2010, 04:42 PM
Should corn be subsidized? - by ukyfootball - 07-27-2010, 04:45 PM
Should corn be subsidized? - by ukyfootball - 07-27-2010, 04:49 PM
Should corn be subsidized? - by ukyfootball - 07-27-2010, 04:50 PM
Should corn be subsidized? - by ukyfootball - 07-27-2010, 04:57 PM
Should corn be subsidized? - by Captain Backdoor - 07-27-2010, 05:20 PM
Should corn be subsidized? - by Captain Backdoor - 07-27-2010, 05:23 PM
Should corn be subsidized? - by Beetle01 - 07-27-2010, 05:48 PM
Should corn be subsidized? - by BlackcatAlum - 07-27-2010, 05:56 PM
Should corn be subsidized? - by ukyfootball - 07-27-2010, 06:42 PM
Should corn be subsidized? - by ukyfootball - 07-27-2010, 06:43 PM
Should corn be subsidized? - by ukyfootball - 07-27-2010, 06:46 PM
Should corn be subsidized? - by Stardust - 07-27-2010, 08:05 PM
Should corn be subsidized? - by Stardust - 07-27-2010, 08:09 PM
Should corn be subsidized? - by ukyfootball - 07-27-2010, 11:48 PM
Should corn be subsidized? - by vundy33 - 07-28-2010, 02:03 AM
Should corn be subsidized? - by Stardust - 07-28-2010, 10:07 AM
Should corn be subsidized? - by ukyfootball - 07-28-2010, 10:55 AM
Should corn be subsidized? - by Captain Backdoor - 07-28-2010, 01:29 PM
Should corn be subsidized? - by Beetle01 - 07-28-2010, 02:27 PM
Should corn be subsidized? - by ukyfootball - 07-28-2010, 02:52 PM
Should corn be subsidized? - by Captain Backdoor - 07-28-2010, 03:03 PM
Should corn be subsidized? - by Beetle01 - 07-28-2010, 03:14 PM
Should corn be subsidized? - by Beetle01 - 07-28-2010, 03:17 PM
Should corn be subsidized? - by Captain Backdoor - 07-28-2010, 03:28 PM
Should corn be subsidized? - by Captain Backdoor - 07-28-2010, 03:30 PM
Should corn be subsidized? - by Beetle01 - 07-28-2010, 03:35 PM
Should corn be subsidized? - by ukyfootball - 07-28-2010, 03:41 PM
Should corn be subsidized? - by Captain Backdoor - 07-28-2010, 03:54 PM
Should corn be subsidized? - by Captain Backdoor - 07-28-2010, 03:55 PM
Should corn be subsidized? - by ukyfootball - 07-28-2010, 04:11 PM
Should corn be subsidized? - by Beetle01 - 07-28-2010, 04:12 PM
Should corn be subsidized? - by ukyfootball - 07-28-2010, 04:23 PM
Should corn be subsidized? - by Hoot Gibson - 07-28-2010, 05:57 PM
Should corn be subsidized? - by ukyfootball - 07-28-2010, 06:00 PM
Should corn be subsidized? - by Hoot Gibson - 07-28-2010, 06:21 PM
Should corn be subsidized? - by ukyfootball - 07-28-2010, 06:40 PM
Should corn be subsidized? - by Beetle01 - 07-29-2010, 11:21 AM
Should corn be subsidized? - by Captain Backdoor - 07-29-2010, 11:56 AM
Should corn be subsidized? - by ukyfootball - 07-29-2010, 01:29 PM
Should corn be subsidized? - by Beetle01 - 07-30-2010, 12:37 PM
Should corn be subsidized? - by ukyfootball - 07-31-2010, 10:40 AM
Should corn be subsidized? - by Hoot Gibson - 07-31-2010, 06:06 PM
Should corn be subsidized? - by ukyfootball - 07-31-2010, 06:50 PM
Should corn be subsidized? - by Hoot Gibson - 07-31-2010, 07:54 PM
Should corn be subsidized? - by ukyfootball - 07-31-2010, 08:09 PM
Should corn be subsidized? - by Hoot Gibson - 07-31-2010, 08:23 PM
Should corn be subsidized? - by Deathstar 80 - 07-31-2010, 10:03 PM
Should corn be subsidized? - by ukyfootball - 08-01-2010, 10:46 AM
Should corn be subsidized? - by Hoot Gibson - 08-01-2010, 12:13 PM
Should corn be subsidized? - by ukyfootball - 08-01-2010, 02:51 PM
Should corn be subsidized? - by Hoot Gibson - 08-01-2010, 05:12 PM
Should corn be subsidized? - by ukyfootball - 08-01-2010, 11:56 PM
Should corn be subsidized? - by Hoot Gibson - 08-02-2010, 05:52 AM
Should corn be subsidized? - by ukyfootball - 08-02-2010, 01:09 PM
Should corn be subsidized? - by Beetle01 - 08-03-2010, 12:53 PM

Forum Jump:

Users browsing this thread: 1 Guest(s)