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Research Project

Price-Quantity Relationship and Profitability in the U.S. Peanut Industry

By: Yuliya Bolotova
Description: The research project objective is to apply the inverse demand framework to analyze price-quantity relationships and profitability in the U.S. peanut industry. This is a take-home research project. It includes an empirical price analysis, which involves estimating a price-dependent demand function for peanuts at the farm-gate level and an analytical analysis of four market scenarios differing due to peanut quantity produced, peanut price, and industry profit. These market scenarios are a peanut oversupply scenario, a perfectly competitive industry scenario, a small degree of seller market power scenario, and a hypothetical monopoly scenario. The answer key is provided.

Copyright Licensing: CC-BY-NC-SA
Date Published Online: October 18, 2021
Date Last Updated: October 18, 2021


Online Quizzes and Exam on Demand and Price Analysis

Final Summary Document
Online Quizzes and Demand Test Answer keys

By: Yuliya Bolotova, Clemson University
Description: The manuscript presents three quizzes and exam on demand and price analysis taught in a senior level “Prices” course. The quizzes and exam are developed for conducting student assessment in on-line format; they are Canvas-based. The quizzes and exam cover several topics on demand and price analysis, which are explained in standard textbooks in the areas of agricultural markets and prices, and managerial economics. The answers to questions are structured using a multiple-choice format. The answer keys are provided. The manuscript also presents a summary of lecture topics, a list of economic concepts and definitions, and a summary of economic and econometric models used in the empirical demand and price analysis.
Copyright Licensing:  CC-BY-NC-SA
Date Published Online: May 13, 2021
Date Last Updated: May 13, 2021