raw deal - After reading the short article on how lettuce...

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Unformatted text preview: After reading the short article on how lettuce was affected it can be seen through both perspectives of supply and demand. To look at the supply part first it clearly shows how and why the supply of the lettuce wasnt available to the consumers who were demanding it. Factors of the supply of this produce were highly affected by the climate that we simply cant control. It held back from revenues since they had to raise prices to keep the financial side of this deal afloat and running. With it being at the highest price in fifteen years this must have made a difference for the revenue overall on this product alone not counting what other type of crop or produce that was similar to this type of produce. The producers couldnt supply enough even if they wanted to since they had no control on how the weather was changing. Even thought they had managed to harvest a percentage of it but not the full amount that they usually reap this was a big hit to this part of the produce market. Lettuce is produced full amount that they usually reap this was a big hit to this part of the produce market....
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This note was uploaded on 04/30/2010 for the course ECONOMICS EC 2100 taught by Professor Dick during the Spring '10 term at National American.

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