Why brazilian farmers are receiving lower prices

Reference no: EM131346029

The prices received by soybean farmers in Brazil, the world's second-largest soybean producer and exporter, tumbled 30%, in part because of China's decision to cut back on imports and in part because of a bumper soybean crop in the United States, the world's leading exporter (Todd Benson, "A Harvest at Peril," New York Times, January 6, 2005, C6). In addition, Asian soy rust, a deadly crop fungus, is destroying large quantities of the Brazilian crops.

a. Use a supply-and-demand diagram to illustrate why Brazilian farmers are receiving lower prices.

b. If you knew only the direction of the shifts in both the supply and the demand curves, could you predict that prices would fall? Why or why not?

Reference no: EM131346029

Questions Cloud

What is the range of req : Two 10-kΩ potentiometers (a variable resistor whose value between the two ends is 10 kΩ and between one end and the wiper-the third terminal-can range from 0 Ω to 10 kΩ) are connected as shown in given Figure. What is the range of REQ?

Randomized test-pamela richter moran : The Committee on Civil Rights called for measures to ensure equality for all Americans. Truman wrote legislation that included all of the following pieces except

Describe the economic impact of the law : you will research and write an APA research paper about environmental policies, including the following: Choose 1 U.S. environmental law. State the name of the law and the date the law was passed. Summarize the major provisions of the law that you..

Characteristics of hellenistic cities : What was the Hellenistic age and how did it come to be? What are some special characteristics of Hellenistic cities, art, culture, thought, and achievements? What were some of the major contributions of the Hellenistic age that outlasted the Helle..

Why brazilian farmers are receiving lower prices : If you knew only the direction of the shifts in both the supply and the demand curves, could you predict that prices would fall? Why or why not?

Discuss the radical reconstruction : Discuss the Radical Reconstruction as a Constitutional Revolution.

What is the flow time for a glove : What is the implied utilization of the packaging machine if the demand rate is 10 gloves/hour - What is the flow time for a glove?

Economy exposure to panics and recessions : How could the federal government at the time of the Gilded Age have reduced the economy's exposure to panics and recessions?

Discussing the relationship between islam : Islam and the other monotheistic religions: Write an essay discussing the relationship between Islam, Judaism and Christianity. What does the Qur'an say about the "Peoples of the Book," and how they are to be treated?

User Account

All Pages