2009Problem Set 8 - AEM 4150 Price Analysis Fall Semester...

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AEM 4150 Price Analysis Fall Semester 2009 Homework Assignment 8 This assignment is due at the beginning of class on Tuesday, November 10, 2009. Total 20 points. Question 1 Consider the seasonal variation in price for crops. (a) Graph the price variation of semi-perishable products, and explain the cause of the price variation over time. (1 point) (b) Graph the price variation of non-perishable (i.e., cross year storable) products over time in the case of large expected harvest relative to current stocks. Explain the cause of the price variation over time (1 point) (c) Graph the price variation of non-perishable products over time in the case of small expected harvest relative to current stocks. Explain the cause of the price variation over time (1 point) Question 2 (a) Explain the difference between “price trends” and “cyclical price behavior”. (1 point) (b) Explain why in general agricultural prices have decreased over time while the prices of medical service rooms have increased over time. (1 point)
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2009Problem Set 8 - AEM 4150 Price Analysis Fall Semester...

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