Supply, Demand, and Tortillas Paper

Supply, Demand, and Tortillas Paper - Demetrio Reed...

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Demetrio Reed Professor Johnson ECON 101 2 February 2017 The article “Supply, Demand, and Tortillas” discusses the topic of tortillas having a significant price hike and how this has affected the Mexican consumers in a negative way. Despite other goods experiencing price increases as well, tortillas have become the main item that has drawn ev eryone’s attention and has led to several protests taking place . These protests have taken place, because tortillas are a staple food item for many people in the Mexican population. As he standard of living gap between the rich and the poor widens, the issue has yet to be resolved by the government and the future for the price of tortillas is still left in question. After reading the article, I was initially curious to know why the price of corn increased in the first place given that the country harvests a high amount of corn. I found it also quite interesting that given this high volume of corn Mexico produces, the country chooses to import this same good from the U.S instead.
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  • Spring '11
  • DoraAuschluer
  • Accounting, Maize, Professor Johnson, tortillas, Demetrio Reed

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