Chapter 3 - Assignment 2: U.S. Dry Edible Bean Briefing Room

1. Use demand and supply diagrams to illustrate the effect that changes in corn and soybean prices in 1996 had on the market price and quantity of U.S. dry edible bean production in 1996.
2. Use a demand and supply diagram to illustrate the effect of the change in demand for pinto beans that occurred between the early 1980s and the early 1990s.