Asst03f090

Asst03f090 - AGEC 217 Assignment 3 Due Name Seat No See...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
AGEC 217 Assignment 3 Due 9/11/09 Name ________________________________________________________ Seat No. _____________ See pages 195-207 in the Mini Text on our website. Use the procedure on page 207 to do the following problems. Note that the mini text contains diagrams, explanations and examples of each kind of problem listed below. For each of the following market situations show clearly what the effect will be on the market just as is modeled in class and in the mini text. 1. Dog food market: News reports surface of pets being poisoned by some dog food. 2. Gasoline market: Many people shift to far more gas-efficient automobiles. 3. Chicken market: The price of corn (main feed for chickens) falls in half.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
4. Corn market: The weather for corn this year is excellent. 5. Corn market: Several plants close that use corn to make the gasoline substitute, ethanol. 6. Corn market: Schools are no longer permitted to sell sweetened soft drinks and all sweetened soft drinks are sweetened with corn syrup. 7.
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 02/19/2011 for the course AGEC 217 taught by Professor Deboer during the Fall '08 term at Purdue.

Page1 / 3

Asst03f090 - AGEC 217 Assignment 3 Due Name Seat No See...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online