Describe the changes in demand and supply

Reference no: EM132113379

Question: Strawberry Prices Drop as Late Harvest Hits Market Shoppers bought strawberries in March for $1.25 a pound rather than the $3.49 a pound they paid last year. With the price so low, some growers removed their strawberry plants to make way for spring melons; others froze their harvests and sold them to juice and jam makers.

a. Explain how the market for strawberries would have changed if growers had not removed their plants but offered locals "you pick for free."

b. Describe the changes in demand and supply in the market for strawberry jam.

Reference no: EM132113379

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