https://padlet.com/berubejeanmarc/lfk5ih7o6ieu Supply Curves heavily impact the products we use in our daily lives en-us 2016-12-07 13:20:15 UTC 2024-04-12 02:44:34 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Balance.png berubejeanmarc https://padlet.com/berubejeanmarc/lfk5ih7o6ieu/wish/142270042 The shortage in workers for the meat-packing industry can heavily affect the supply curve of meat products produced in Canada. Meat products is one of Canada's biggest exports valued at around $2.2 billion in 2015 and the shortage of employees will negatively affect the suppliers. One of them is Sunterra Farms pork processing plant located in Alberta that relies on temporary foreign workers but due to a series of restrictions enacted between 2011 to 2014, the flow of migrant workers has slowed. The inability to properly supply the demand at home and abroad will force the price of Canadian meat-products to increase.  ]]> 2016-12-07 13:27:18 UTC https://padlet.com/berubejeanmarc/lfk5ih7o6ieu/wish/142270042 berubejeanmarc https://padlet.com/berubejeanmarc/lfk5ih7o6ieu/wish/142271874  The head of the dairy farmers of Ontario (DFO) recently admitted to have been dumping gluts of skim milk in order to combat low prices. The high demand of butter and cream has resulted in a large quantity of skim milk which has a much lower demand to be dumped in lagoons or added in animal feed. This can negatively affect the dairy industry because the price of related goods will decrease lowering profit. The most interesting part of this article is the Industries strategy to maintain their supply curve by throwing away unwanted related products.]]> 2016-12-07 13:34:27 UTC https://padlet.com/berubejeanmarc/lfk5ih7o6ieu/wish/142271874 berubejeanmarc https://padlet.com/berubejeanmarc/lfk5ih7o6ieu/wish/142272104 This supply curve shows how input prices affect the cost of production. For the shale gas, its production increases slowly then explodes.Its interesting how the price of production can increase so rapidly.]]> 2016-12-07 13:35:21 UTC https://padlet.com/berubejeanmarc/lfk5ih7o6ieu/wish/142272104 berubejeanmarc https://padlet.com/berubejeanmarc/lfk5ih7o6ieu/wish/142320627 This circle graph shows how well Canada is as a Supplier to the European Union (EU) by showing the average value of the exports given to the EU between 2010 to 2012.]]> 2016-12-07 15:48:32 UTC https://padlet.com/berubejeanmarc/lfk5ih7o6ieu/wish/142320627 berubejeanmarc https://padlet.com/berubejeanmarc/lfk5ih7o6ieu/wish/142321556 Supply management is a truly made Canadian system that maintains equal stability for the market in consumers and for the suppliers to guarantee access to good-quality products. This system is prominently used for the egg, dairy and poultry farming. The determinant for this system are the suppliers and input prices. The suppliers using this kind of system are well benefited to carefully maintain the supply curve in order to produce the best and well-priced products on the market. Input prices for the production of eggs, dairy and poultry products are relatively low making products affordable and benefits the farmer's profit.  ]]> 2016-12-07 15:51:06 UTC https://padlet.com/berubejeanmarc/lfk5ih7o6ieu/wish/142321556 berubejeanmarc https://padlet.com/berubejeanmarc/lfk5ih7o6ieu/wish/142322842 The image explains how the suppliers of our products are equally affected as the consumers when the supply curve for specific products are changed both in a positive and negative way.]]> 2016-12-07 15:53:40 UTC https://padlet.com/berubejeanmarc/lfk5ih7o6ieu/wish/142322842 berubejeanmarc https://padlet.com/berubejeanmarc/lfk5ih7o6ieu/wish/142418503 The average cost of a home in Toronto climbed by 20% September over the same month last year due to the increasing sales of Toronto homes. This is a result of supply decreasing in the curve and prices increasing as supply shrinks over time. This is an example of input as the price increases while the supply dwindles.]]> 2016-12-07 20:21:55 UTC https://padlet.com/berubejeanmarc/lfk5ih7o6ieu/wish/142418503 berubejeanmarc https://padlet.com/berubejeanmarc/lfk5ih7o6ieu/wish/142447107 The determinants to this situation are subsidies because the price of oil has lowered due to low demand in major countries such as China and the US resulting in a very large supply. Another determinant would be input prices because as the cost of production lowers, the supply increases as well as profitability, many countries such as the US is increasing production and fracking while Iran and other middle eastern countries are increasing their supply.]]> 2016-12-08 00:16:40 UTC https://padlet.com/berubejeanmarc/lfk5ih7o6ieu/wish/142447107 berubejeanmarc https://padlet.com/berubejeanmarc/lfk5ih7o6ieu/wish/142460520 2016-12-08 03:27:09 UTC https://padlet.com/berubejeanmarc/lfk5ih7o6ieu/wish/142460520