Microeconomics
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Government farm subsidies help make Americans fat, researchers say

Government farm subsidies help make Americans fat, researchers say | Microeconomics | Scoop.it
Agricultural subsidies are contributing to the obesity epidemic in the U.S. and should be revised to help improve public health, Canadian researchers say. Agriculture policy “remains largely...
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The article discusses the impact of subsidies on farm crops to America's obesity. A subsidy effectively leads to a lower cost of production for suppliers, shifting the supply curve to the right. Considering everything else remains the same, the price will fall, incentivising more people to buy the food so there will be an extension of demand. The article suggests that many people think these subsidies are contributing to America's obesity due to this increased demand, although it points out that other factors will contribute to obesity levels as well, which many fail to consider.

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The Effects of Minimum Wage From a Microeconomic Perspective

The Effects of Minimum Wage From a Microeconomic Perspective | Microeconomics | Scoop.it
A minimum wage is a prescribed wage level that must be met or exceeded by employers in all employment contracts, as set forth in the Fair Labor Standards Act. The minimum wage is revised from time to ...
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This article discusses the effects of the introducing and increasing the minimum wage on businesses, local employment and on individuals. Considering the supply and demand curves on a diagram for the labour market, the price (y-axis) would represent wages. Increasing the minimum wage, i. e. the minimum price, can have positive and negative effects on the supply side (the employer) and the demand side (the employee). This is explored in this article, which suggests that the benefit to the employee of increasing wages will be outweighed by the disadvantages to the employer.

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Microeconomics - Market for Rhodium

Market for Rhodium

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This is an insight into the effect of supply and demand shifts on the market for precious metals. It shows that the price of rhodium dramatically increased in 2006 due to a huge increase in demand. This resulted in a significant supply deficit - looking at a demand-supply diagram, the demand curve shifts to the right, moving the market equilibrium. The market struggles to meet this new equilibrium because there is a lack of supply, hence a supply deficit. 

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