Econ 121, Fall 2018, 6776 kali frantz & Homework: HW Ch.3 Score: 0 of 1 pt End o

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Econ 121, Fall 2018, 6776 kali frantz & Homework: HW Ch.3 Score: 0 of 1 pt End of Chapter 4.11 380f 45 (37 complete HW Score: 75.56%, 34 of 45 p EQuestion Help sonal Thus, as the supply of those products fluctuated, prices tended to luctuate trem the nineteenth century, was that suppliers could store perishables from one season to the next Ec roughly 10 percent during peak supply periods, while they fell by almost the same of many by 25 to 50 percent or more-over the course of the year One impact of mechanical refrigeration, which was onomists have estimated that as a result of refigerated storage, wholesale prices rose by amount during the off season n on Nutrition in the U.S." Social Science History, Vol. 28, No. 2 (Summer 2004, pp. 327-328 Soure: Lee A. Craig, Barry Goodwin, and Thomas Orennes. "The Effet of Mechanical Refrigeratio O B. . si a D2 D. D1 D1 D1 Clear Al

Explanation / Answer

The change in peak season is presented by Graph D

A 10 % increase in the price will lead to a reduction in quantity demanded. this will shift the supply curve leftwards from s1 to s2 to shift the equilibrium price and quantity suppliers are willing to supply and consumers are willing to buy. Better storage ensures there is no excess or wastage in the market.

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