New User Special Price Expires in

Let's log you in.

Sign in with Facebook


Don't have a StudySoup account? Create one here!


Create a StudySoup account

Be part of our community, it's free to join!

Sign up with Facebook


Create your account
By creating an account you agree to StudySoup's terms and conditions and privacy policy

Already have a StudySoup account? Login here

Intro to Food and Resource Economics Week Four

by: Taylor Baker

Intro to Food and Resource Economics Week Four 2713

Marketplace > Mississippi State University > agricultural economics > 2713 > Intro to Food and Resource Economics Week Four
Taylor Baker

Preview These Notes for FREE

Get a free preview of these Notes, just enter your email below.

Unlock Preview
Unlock Preview

Preview these materials now for free

Why put in your email? Get access to more of this material and other relevant free materials for your school

View Preview

About this Document

these are the notes for week four. finishes chapter 4. week of September 6-9, 2016.
Intro to Food & Resource Econ
Danny Barefield
Class Notes
Econ, Economics, Microeconomic, Microeconomics, Lecture Notes, chapternotes
25 ?




Popular in Intro to Food & Resource Econ

Popular in agricultural economics

This 1 page Class Notes was uploaded by Taylor Baker on Tuesday September 6, 2016. The Class Notes belongs to 2713 at Mississippi State University taught by Danny Barefield in Fall 2016. Since its upload, it has received 24 views. For similar materials see Intro to Food & Resource Econ in agricultural economics at Mississippi State University.


Reviews for Intro to Food and Resource Economics Week Four


Report this Material


What is Karma?


Karma is the currency of StudySoup.

You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!

Date Created: 09/06/16
Intro to Food and Resource Economics Week 4 Notes - September 6-9, 2016 (Only one day of notes due to the test being on Thursday September 8, 2016) - you always want to get to equilibrium between supply and demand. - when supply and demand are not at equilibrium: - surplus (excess supply): the state where quantity supplied exceeds quantity demanded. - shortage (excess demand): the state where quantity demanded exceeds quantity supplied. - the suppliers will either decrease or increase to meet demand and therefore get to equilibrium. - new technology reduces time which reduces input prices which increases supply. - Conclusion: How Prices Allocate Resources - one of the ten principles from chapter one: - Markets are usually a good way to organize economic activity - In market economies, prices adjust to balance supply and demand and bring about equilibrium.These equilibrium prices are the signals that guide economic decisions and thereby allocate scarce resources.


Buy Material

Are you sure you want to buy this material for

25 Karma

Buy Material

BOOM! Enjoy Your Free Notes!

We've added these Notes to your profile, click here to view them now.


You're already Subscribed!

Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'

Why people love StudySoup

Steve Martinelli UC Los Angeles

"There's no way I would have passed my Organic Chemistry class this semester without the notes and study guides I got from StudySoup."

Allison Fischer University of Alabama

"I signed up to be an Elite Notetaker with 2 of my sorority sisters this semester. We just posted our notes weekly and were each making over $600 per month. I LOVE StudySoup!"

Bentley McCaw University of Florida

"I was shooting for a perfect 4.0 GPA this semester. Having StudySoup as a study aid was critical to helping me achieve my goal...and I nailed it!"

Parker Thompson 500 Startups

"It's a great way for students to improve their educational experience and it seemed like a product that everybody wants, so all the people participating are winning."

Become an Elite Notetaker and start selling your notes online!

Refund Policy


All subscriptions to StudySoup are paid in full at the time of subscribing. To change your credit card information or to cancel your subscription, go to "Edit Settings". All credit card information will be available there. If you should decide to cancel your subscription, it will continue to be valid until the next payment period, as all payments for the current period were made in advance. For special circumstances, please email


StudySoup has more than 1 million course-specific study resources to help students study smarter. If you’re having trouble finding what you’re looking for, our customer support team can help you find what you need! Feel free to contact them here:

Recurring Subscriptions: If you have canceled your recurring subscription on the day of renewal and have not downloaded any documents, you may request a refund by submitting an email to

Satisfaction Guarantee: If you’re not satisfied with your subscription, you can contact us for further help. Contact must be made within 3 business days of your subscription purchase and your refund request will be subject for review.

Please Note: Refunds can never be provided more than 30 days after the initial purchase date regardless of your activity on the site.