Explain the concept of supply and demand when it comes to grocery store prices. Use a specific product as an example.
Stacey Warren - Expert brainly.com
Hey! We 've verified this expert answer for you, click below to unlock the details :)
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga.
Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus.
Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
The supply of a product is determined by the amount of demand received for the product.
If more people demand fresh strawberries, then the amount supplied will increase, which in turn will increase the price because in order to get more strawberries for the customers, you need money. Customer supplies the money, you supply the fresh fruit. Customer demands fresher fruit, you supply them, on the condition of higher prices; also it being a fresh produce will effect the cost as well. hope that helps!!