Why has the price of sushi remained constant

Assignment Help Macroeconomics

Reference no: EM13208550

1. WASHINGTON - Scorching heat and the worst drought in nearly a half-century are threatening to send food prices up, spooking consumers and leading to worries about global food costs. On Wednesday, the government said it expected the record-breaking weather to drive up the price for groceries next year, including milk, beef, chicken and pork. The drought is now affecting 88 percent of the corn crop, a staple of processed foods and animal feed as well as the nation's leading farm export. (NY TIMES)
Use Supply and Demand analysis to answer the following questions:
How does the drought affect the supply of corn?
How does this affect the prices of milk, beef, chicken and pork?

2. NEW YORK--- Sushi bars are opening up in vast numbers in American cities. Consumption of sushi, the raw-fish delicacy from Japan, has soared in the United States in recent years. Nevertheless, the price of sushi has remained relatively constant.
Use Supply and Demand analysis to answer the following questions:
What happen to the supply and demand for sushi?
Why has the price of sushi remained constant?

Reference no: EM13208550

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