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Q: What commodity has not dramatically risen in price for 100 years?
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Continue Learning about Economics

For someone writing a letter a hundred years ago what was an available commodity?

Time.


How do markets adjust to changes in supply?

In the most basic terms, and assuming the market in question is free from non-market influences, there are two reactions to a change in the supply of any commodity. First, the market for that commodity can shrink along with the supply. Second, the market price of the commodity can rise, thereby decreasing demand while simultaneously encouraging an increase in supply. An excellent example of these forces at work is the corn market. In recent years, the demand for corn has increased dramatically (although most of the change was due to government intervention in the market). Over a period of two growing seasons, the price of feed corn nearly doubled as potential buyers competed for the limited supply, and production increased as a direct response to this rise in price, as farmers made the choice to place more acreage in corn and less in other crops, such as soybeans and wheat. These changes had ripple effects in other markets too; prices of soybeans and wheat also rose as the supply fell due to the farmers' choices, thereby encouraging farmers to increase the supply of those commodities. In the end, demand, supply and price tend to stabilize as producers and buyers reach a balance wherein the producers are willing to meet demand for a given price.


5 The price of blue jeans has risen substantially in recent years Demand for blue jeans has also been rising This is hard to explain because the law of demand says that higher prices should lead to?

Higher price should lead to Lower Demand?? But Higher Demand lead to Higher price! Who leads to whom?? But I don't think the price is rising, as I just find a good place with cheap blue jeans. It is www.elinestore.com . It seems the price is down and down crazy!!


What was the price of gold 30 years ago?

what was the price of gold thirty years ago


Do people still buy fancy gas guzzlers with gas prices so high?

Yes, they do but sales of those vehicles has dropped dramatically in the last two years.

Related questions

What is the history of New York Yankees ticket prices over the years?

The price of box seats at Yankee Stadium have increased dramatically in the last 40 years. In 1972, the price of a box seat was four dollars. In 2012, the price was 250 dollars.


What are the average prices of MFP printers?

The average price of MFP printers has dropped dramatically in the past few years. Some can be bought for as little as $35, dropping the average price to about $60.


Has the rate of teenage pregnancies risen or dropped in the past ten years?

The rate of teenage pregnancies has dropped in the past ten years.


What is an anal risen?

U.S. cases of anal cancer have risen 37 percent in the last 10 years


Is the US the only super power left in the world?

No, by no means. There are several superpowers. China for instances is very powerful militarily and their influence in trade has risen dramatically in the last ten years. Russia does not have the muscle of the former Soviet Union, but is still a global player.


What allergy has increased dramatically in recent years?

Food ( as opposed to non food) allergies or intolerance has increased dramatically over the last twenty years.


What was the price of sugar 5 years ago?

Since the year 2009 many items have risen and dropped in prices. The Cost of sugar was 24.9 cents per pound in December 2009.


Did lipstick prices increased over the past 5 years?

The price has increased dramatically, ever since they stopped using shark scales and started using stuffed dog genitalia.


What is the economic purpose of commodity exchanges?

Commodity exchanges have been around for over 150 years in the United States. Commodity exchanges provide a central marketplace that allows companies but and or sell products they need. These commodity exchanges provide companies what they require when they require it.


Agricultural Benefits of the Commodity Options Market?

There is nothing more reliable than change; it is a constant phenomenon and cannot be controlled. In the Commodity Options Market, agricultural producers are those directly affected by constant change: price changes. In the past 10 years, there has been great agricultural risk due to price changes. Farmers may plant and grow a product that is believed to turn a profit, but abrupt price decreases may cause financial loss. The uncertainty of price changes make it very difficult to ensure profit and prevent losses to producers. However, the Commodity Options Market now provides opportunities to insure products to avoid declines while still allowing producers to benefit from price increases. The marketing plan is simple: producers are given the opportunity to purchase insurance that allows them to buy or sell a certain commodity at a designated price. Farmers can purchase the right to sell his products at a designated price, even if the market prices fall below that price. It is a form of agricultural insurance; there is a small, but certain financial loss that provides back-up for a much larger and uncertain loss, if it is needed. Modeled in the same fashion, another market exists that allows the purchase of commodities at a designated price, even if the market prices exceed that price. Both markets insure products against abrupt increases or declines in prices. This is not an obligation, by any means; they are appropriately called option market for this reason. If producers take this opportunity, they are able to protect themselves from price increases when purchasing commodity and price declines when trying to sell a commodity. If the price decreases for buying a commodity, the producer still enjoys the lower price and the same is true for selling a commodity at a higher price. Without certainties in agriculture, it is very difficult to turn a profit. For farmers that make their living buying and selling commodities, it is important to have some sort of stabilization and the Commodity Options Market affords them that opportunity. Though it is not an obligation, the small loss that comes from insuring a product is worth its salt if it could potentially save product loss and maximize profit.


Why are people moving from using fossil fuels to other sources of power?

We realise that using fossil fuels is adding to global warming and climate change. The price of most fossil fuels (not natural gas) has also risen dramatically in the last ten years. It is also a finite resource and is slowly decreasing in quantity. The plethora of fuel we used to have has reduced to a much smaller amount. That's why we are trying use better renewable resources.


Over the past fifty years the national debt has?

Risen Steadily