Module 2.pdf - AGEC 314 Online MARKETING AGRICULTURAL FOOD...

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AGEC 314 Online MARKETING AGRICULTURAL & FOOD PRODUCTS Spring 2021 Module 2 Dr. Senarath Dharmasena
AGEC 314-599,700 Dr. Senarath Dharmasena (Spring 2021) Page 1 Module 2 This module is worth 30% of your final grade. To post answers, first click “Module 2” on eCampus class page, and then click “Submit Assignments”. Then you will find submission links for each section of the module. You may attach as a Word or a PDF file using attachment link. All work must be completed using the “Write-up Template” provided. Open the Answer Template folder to obtain the template Word file. Please do the following. Read Chapters 4, 5, and 6 of your textbook (use the 7 th edition of the textbook). Also, watch and/or listen to lectures provided for each chapter (or combination of chapters). Answer following Study Questions. You must answer questions on the “Write-up Template” provided (200 points) Chapter 4 1. (15 points) List at least three things that can shift the demand curve. i) Use one item in your list to create an example of a situation that would shift the curve right. ii) Use a different item on your list to create an example of a situation that would shift the curve left. iii) In each case, explain what happens to price and quantity. 2. (20 points) Explain the differences in the variability of the supply and demand curve in the US and the foreign demand for our goods. Provide examples to illustrate your answer.

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