Solution-Determined by equality of demand and supply

Determined by equality of demand and supply

Reference no: EM131239433

Price is determined by equality of demand and supply. The grocery stores charge same price for whole milk, 2% butter fat milk,1% butter fat milk and 0% butterfat milk. The demand for fat free (0%BF) milk is less than supply causing surplus of this type of milk. Why do grocery stores still charge the same price as other types of milk?

Reference no: EM131239433

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Determined by equality of demand and supply : Price is determined by equality of demand and supply. The grocery stores charge same price for whole milk, 2% butter fat milk,1% butter fat milk and 0% butterfat milk.

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Determined by equality of demand and supply

Reference no: EM131239433

Reference no: EM131239433

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