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Organic food is grown without synthetic pesticides, chemical fertilizers or genetically modified seeds. In recent decades, the demand for organic products has increased dramatically.
Answer the following questions:
1) Why are organic foods more expensive than their conventional counterparts? The answer could be an application of the supply and demand model.
2) Describe in your own words what factors have affected and will continue to affect the demand and supply for organic foods?
3) Describe any shifts and make any predictions of what might happen to the prices of organic foods in the future.
Please use a title that reflects the main idea in the sentences that you post.
This document contains various important questions and their appropriate answers in the subject field of Economics.
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