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Explain the typical seasonal price pattern for a point production commodity Seasonality in prices occurs due to factors that recur throughout the year. This type of cycle is constrained to a twelve month cycle and therefore is different from similar cycles occurring within the cobweb model. The type of cycle that prices for commodities take over a twelve month period is dependant on what type of commodity it is. The two different types of commodities are point production commodities and commodities which are produced throughout the year. An example of point production commodities is wheat, and an example of one which is to be produced throughout the year is eggs. Although this essay will focus on point production it is necessary to explain characteristics of commodities such as eggs to fully understand the differences between the two types. For commodities which will be produced throughout the year, there will be little demand...

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