demand supply and market
watch videos and answer following questions
1. Suppose I am in the grocery store, shopping for blueberries. Why would transportation costs not fully explain the difference in price for conventional blueberries grown in Peru or Chile, as compared to organic blueberries grown closer to where I live? What other factor do I discuss that could explain the price difference?
2. Consider my discussion of “graphing equilibrium.” In the numerical example I cover, why is the market not in equilibrium at a price of $1.80?3.3. In your own words, write a brief 1 or 2 sentence summary of the chapter 3 lecture videos for our course.
3. In your own words, write a brief 1 or 2 sentence summary of the chapter 3 lecture videos for our course.
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