High Prices Aren’t Scaring Consumers Away From The Meat Counter   Leave a comment

porkLink: http://www.npr.org/blogs/thesalt/2014/08/26/343403757/high-prices-arent-scaring-consumers-away-from-the-meat-counter 

Summary: A discussion of the factors impacting supply and demand of pork. Includes consideration of behavior of retailers and consumers in respond to changes in the market.  Considers influences and impacts of related goods.

Original Air Date: August 26, 2014

Length: 4 minutes 22 seconds

Discussion Prompt: In this podcast, what factors are driving the increase in the price of meat?  How does this relate to supply/demand factors that we are studying? Can you give two specific examples of other factors of demand or supply that might impact the price of meat? For each example, name the ‘factor of demand/supply’ and give a specific example.

Follow-up Prompt: Review the posts of your peers, comment on the accuracy of their suggestions and try to add more examples and expand on their ideas.

 

Posted September 21, 2014 by audioecon in Discussion prompt, Elasticity, Market structure, Shortage

Tagged with ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: