Review the link here: https://www.npr.org/sections/money/2018/09/13/647215845/the-price-of-rice-in-japan

Consider that farmers can produce rice for essentially two different markets. What are these two markets? How have the supply curves for these two markets shifted as the Japanese people have changed their eating preferences?

How is it that the price of rice (for people to eat) is rising but demand is falling? Hint: What must be happening if demand is shifting inwards BUT the price of rice is rising? Draw this out and your graph will help you!