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Commodities
Title: Commodities
Category: Business & Economy / Economics
Details: Words: 2803 | Pages: 11.9 (approximately 235 words/page)
Commodities
none well done
Jennifer Loughery 082970
Introductory to Micro-Economics 1011-107
Dr. Pryor
November 25, 1996.
Back in the middle of October, the price of natural-gas had risen because a gas
company was forced to shut down a pipeline due to the need for repairs. This impending
shortage led to the decrease in prices for other heating commodities, as well as larger
profits. The demand for energy was becoming greater and greater because it was that
time of year when …showed first 75 words of 2803 total…
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…showed last 75 words of 2803 total…bill as the people in Pennsylvania do.
The market of a commodity is determined by many things, one of those being the
nature of the commodity's prices, which is influenced by the demand of that particular
commodity. For the commodity, energy consumers can see that the quantity demanded is
very sensitive to changes in prices. And factors such as climate and the region in which
they live underlie the market demand curve for this commodity.
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