In the News
Supply and demand in action - why the price of milk has soared in the UK
Graham Watson
20th February 2023
Why did milk prices reach an all-time wholesale price record in December?
This Guardian article looks at the juxtaposition of factors that have caused this: higher input prices, including fuel and fertiliser, and labour shortages. Excellent for a mini case study on the causes of changing market prices.
Graham Watson
Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.
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