In the year to January 2022 the total revenue from avocado sales was up 13.3 percent while the average price per pound was up 29.4 percent.—fruitgrowersnews.com
Category: MIT2
How Markets Work (Demand and Supply, Applications, Extensions)
Keywords: Equilibrium price, Equilibrium quantity, Elasticity, Efficiency
Parkin 14e Chapters 3, 4, 5
Bade-Parkin 9e Chapters 4, 5, 6
Parkin-Bade Canada 11e Chapters 3, 4, 5
Parkin-Bade Australia 2e Chapters 4, 5, 6
Parkin-Powell-Matthews 11e Chapters 3, 4, 5
Despite Soaring Prices, Americans Bought Record Number of Used Cars in 2021
Although used car prices rose 28 percent in 2021, Americans bought 40.9 million used vehicles, 10% more than in 2020. The new car market is experiencing shortages and soaring prices.—kbb.com
Weddings Are Booming Again
After a pandemic-imposed drought, the sudden burst of demand for wedding services is colliding with supply chain issues. Americans will host 2.5 million weddings this year, up 30 percent from last year and wedding planners say they expect the price to tick up.—washingtonpost.com
Finding a Covid Test Kit
It used to be hard to find a coronavirus test. Now there are too many Last year, amid consecutive surges of coronavirus infection, Americans couldn’t find enough tests. Now, as infections have plummeted, kits are piling up on pharmacy shelves.—washingtonpost.com
Markets for Cocoa and Chocolate
Dec 3, 2019 The price of cocoa, the key ingredient of chocolate, has soared. Why? Given the almost universal love of chocolate, our team at Econ Eye thinks it’s a good idea to find the answer. Start with some facts. The table provides data for 2000 and 2020, which show that the quantity of cocoa … Continue reading Markets for Cocoa and Chocolate