please tell us about a price that you think is too high or too low

Get perfect grades by consistently using our writing services. Place your order and get a quality paper today. Take advantage of our current 20% discount by using the coupon code GET20


Order a Similar Paper Order a Different Paper

Please tell us about a price that you think is too high or too low. Keeping in mind what we learned in this chapter, that the price is the result of the interactions of supply and demand, please use supply and demand to explain why the price is strange, and what causes it to be so.

Please also comment on the response of at least one classmate.

Here is an example of great work:

Every summer I notice that the price of tomatoes falls. I figure that this is because tomatoes grow best in summer, although they can be grown in greenhouses year-round. This would be modeled by a rightward shift in the supply curve. At the same time, I think demand for tomatoes probably increases in the summer as well since people tend to eat more salads and lighter foods in the summer -this would be a rightward shift in demand. Since both curves are shifting right, but I observe the price falling, it must be that the shift in supply is greater than the shift in demand for tomatoes in the summer. Since both demand and supply are shifting to the right, but the price falls, it must be that the shift in supply is greater than the shift in demand.

Do you need help with this or a different assignment? We offer CONFIDENTIAL, ORIGINAL (Turnitin/LopesWrite/SafeAssign checks), and PRIVATE services using latest (within 5 years) peer-reviewed articles. Kindly click on ORDER NOW to receive an excellent paper from our writers.

Get a 15% discount on your order using the following coupon code SAVE15


Order a Similar Paper Order a Different Paper