Unformatted text preview: f goods are available. For example, boycotting a product and thereby influencing supply and demand conditions of the commodity is an effective means of influencing the price of the product. In a free market economy the call for price regulation by the government should occur only when all other means to rectify the problem have been exhausted. In conclusion, the author’s argument is unconvincing. To strengthen the argument it would be necessary to show that the only factor influencing the price increases is the growers’ desire for increased profits. 95. The following appeared as part of an article in the business section of a local newspaper. “Hippocrene Plumbing Supply recently opened a wholesale outlet in the location once occupied by the Cumquat Cafe. Hippocrene has apparently been quite successful there because it is planning to open a large outlet in a nearby city. But the Cumquat Cafe, one year after moving to its new location, has seen its volume of business drop somewhat from the previous year’s. Clearly, the former site i...
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This note was uploaded on 05/05/2009 for the course ECAS asdfasdf taught by Professor Asdfaf during the Spring '09 term at Academy of Art University.
- Spring '09