ECON 545 Week 3 Case Study; Supply and Demand of Organic Foods

Week 3 Case Study NameYour Email Business Economic Professor Luan Eshtrefi Due Date Supply and Demand of Organic Foods Introduction: Organic food has been a popular trend in the U.S. dated back as 2005. The term organic, is simply natural grown from the earth’s soil without any synthesize growth hormone. There are many organic consumable products out there such as fruits, vegetables, and dairy as well. Most importantly, they are pesticide, nonscientific growth hormone type food that will do less harm for your body. People are switching to organic food products, with an increase of natural food consumption as number of cancers cases increase each year. Because of more Americans are concerning about their health more than ever, there is an ironic increase of demand for organic food in the market today. We will examine how this cause an economic shift of increase of supply and price of buying organic food. We will take a closer look at which supply and demand of non-price determinants cause an economic shift due to preference, prices of related goods, and expectations for a rising demand of organic food in the mark