Applied Economics

"Downsizing is a problem if information about it is not fully transmitted to consumers, which causes market inefficiencies as consumers are likely unaware of unit price differences," Metin Çakır says.

Michael Boland, an agricultural economics professor at the University of Minnesota, explains the price increase.

State Economist Laura Kalambokidis said the state’s outlook is positive but international conflicts, changes in inflation and potential lags in a federal budget could alter the trajectory.