In this series of short videos, we explore supply and demand factors that influence market prices for strawberries.
In this video, we look at some of the key factors influencing market demand for and supply of strawberries. This is part of our introduction to the market mechanism.
In this video we look at the nature of the demand curve, causes of shifts in demand and also the possibility of a non-linear demand curve for a product.
In this video we look at the basic law of supply for producers driven by the profit motive and then consider how changes in the conditions of supply can lead to inward and outward shifts of the supply curve.
In this video we look at some factors that can bring about a change in the equilibrium price in the market for strawberries.
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