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Macroeconomics 11th Edition by Michael Parkin
النسخة 11الرقم المعياري الدولي: 9780133423884Macroeconomics 11th Edition by Michael Parkin
النسخة 11الرقم المعياري الدولي: 9780133423884 تمرين 14
Predicting Changes in Price and Quantity
Strawberry Prices Drop as Late Harvest Hits Market
Shoppers bought strawberries in March for $1.25 a pound rather than the $3.49 a pound they paid last year. With the price so low, some growers plowed over their strawberry plants to make way for spring melons; others froze their harvests and sold them to juice and jam makers.
a. Explain how the market for strawberries would have changed if growers had not plowed in their plants but offered locals "you pick for free."
b. Describe the changes in demand and supply in the market for strawberry jam.
Strawberry Prices Drop as Late Harvest Hits Market
Shoppers bought strawberries in March for $1.25 a pound rather than the $3.49 a pound they paid last year. With the price so low, some growers plowed over their strawberry plants to make way for spring melons; others froze their harvests and sold them to juice and jam makers.
a. Explain how the market for strawberries would have changed if growers had not plowed in their plants but offered locals "you pick for free."
b. Describe the changes in demand and supply in the market for strawberry jam.
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a. Had the growers offered locals to pic...
Macroeconomics 11th Edition by Michael Parkin
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