Summary: In one area of Taiwan where corn is produced, due to rain during flowering pollination, the price of corn has increased due to the loss of production. Analysis: Because of the constant rains, corn production has decreased a lot, which means that the corn supply has decreased. It will cause the supply curve to move largely to the left. As the supply of corn is very much dependent on the weather, the supply has significantly reduced due to the adverse weather condition and causing the price to rise. In this scenario, the production of corn is very much reduced due to the adverse weather and hence it's considered market inefficiency with under production. Market Inefficiency - Under Production