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Apple Pickin’ with supply and demand

Apple Pickin’ with supply and demand

Posted By: Michelle Balconi

Fall is upon us and that means apple picking for many. A recent trip to the local farmer's market revealed a variety of apples as well as supply and demand!

We asked the farmer why his Honey Crisp apples were higher priced than all of the other varieties. His reply "Well ma'am, it's simply supply and demand. Someone, somewhere decided Honey Crisp apples taste a lot better, so more people want to buy them."  We couldn't agree more!

As you read through Let's Chat About Economics, you too will discover that as demand increases so does the price. Start chatting with the kids in your life today ... Econ is everywhere!