Farm commodity pricesSupply and demand in action

The U.S. Department of Agriculture publishes charts on the prices of farm products. Go to theUSDA home page(Links to an external site.)

and choose three farm products and determine whether their prices (as measured by "prices received") have generally increased, decreased, or stayed the same over the past three years. In which of the three cases, if any, do you think that supply has increased more rapidly than demand? In which of the three cases, if any, do you think that demand has increased more rapidly than supply? Explain your reasoning.