Predicting Changes in Supply, Demand, and Price for Ginger Golds

This activity serves as a good review of supply, demand, and price.

  • A large national newspaper runs a feature story on the Ginger Gold reporting on its superior cooking and eating qualities. What will happen to the demand for the apple?

  • In July and August the demand for Ginger Golds is high. What will happen to the supply and price of the apple?

  • A late spring freeze in Virginia damages the apples' blooms. How will this affect the supply and price of the Ginger Gold in Virginia?

  • As more Ginger Gold trees are sold, apple growers begin to produce and sell more Ginger Gold apples on the market. What will happen to the price of the apple?

  • As peaches come into the season, the demand for Ginger Golds drops in local stores. What will happen to the supply and price of the apple?

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