Discussion prompt for Market Supply and Demand

Discussion prompt for Market Supply and Demand - Discussion...

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Unformatted text preview: Discussion prompt for Market Supply and Demand. I have been interested in the increase in the number of frozen yoghurt products in the LA area lately. During a period in which the price of frozen yoghurt was rising, the quantity sold increased. Then, after a few years of this the price started to fall sommewhat, although the quantity kept increasing. One other thing I have noticed at the same time is that the prices of cream and iced cream increased durin gmost of this time. Let's simplify the situation so that we can apply the market model to figure out some explanations. Forget about the way that yoghurt is sold (by the ounce, with toppings, in grocery stores, etc) or the variety of products. Just think about it as a product. Group Discussion Discuss, with the members of your group, the various factors that could have caused the...
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This note was uploaded on 07/17/2011 for the course ECON 102 taught by Professor Jarv during the Summer '09 term at Rio Hondo College.

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