Anyone for some ‘Wonky’ veg!
Recommend on Google+
The EU has decided to lift its ban on wonky fruit and veg which will hopefully lead to cheaper prices. In all, 36 types of fruit and vegetables can now be sold whatever their shape, size, lack of sheen or gnarled skin. With 20% of fruit and veg no longer being rejected, prices could reduce dramatically as supply increases.
There are a number of possible economic concepts that can be linked to this topic such as supply and demand and inferior goods. Click read more for two GCSE style questions on the topic and a video from BBC news
Possible questions
Using a supply and demand diagram, explain the effect of the lifting of the ban on the price and sales of fruit and vegetables. (12)
Explain what is likely to happen to the sales of ‘wonky veg’ as the recession deepens. (3)
blog comments powered by Disqus
Tags
activity, advertising, affordability, alistair darling, anti-competitive behaviour, anti-dumping, apple, appreciation, aqa gcse economics, articles, asia, balance of payments, balance of trade, bank of england, banks, basic economic problem, basket of goods, beat the teacher, benefits, bidet, birthrate, borrowing, budget, budget deficit, budget surplus, business growth, business objectives, capacity, capital, car industry, car manufacturing, cash cow, china, chocolate, christmas trees, class task, cocoa, competition, competition commission, competition in action, competitive markets, complements, conditions of supply, confidence, congestion, conspicuous consumption, construction, consumer confidence, consumer spending, consumers, costs, costs of production, costs, revenues and profits, cpi, credit crunch, cross price elasticity of demand, currency, data, data response, debt, deficit, delicious data, demand, demand and supply, demand and supply in action, demand for labour, demerit good, demerit goods, depreciation, derived demand, diagram, diagrams, diseconomies of scale, dollar, double dip, double-dip, downturn, easyjet, economic growth, economic gw, economic policies, economics, economies of scale, economy, elasticity, elasticity of supply, employment, end of term activity, enterprise, eu, euro, eurozone, exam advice, exam help, exam practice, exam style questions, exam technique, excess demand, exchange rate, exchange rates,All tags for the GCSE Economics Blog






