Every summer, when peach is in season, the price of peach is very low. However, the beach house rental price is very hig...
Every summer, when peach is in season, the price of peach is very low. However, the beach house rental price is very high in summer. Please explain the peach market and beach house market, respectively, using the demand-and-supply model.
You can use graphs if it is easier to you.
Homework Answers
The price of peach is low because the supply of peach is high in season.The price of beach houses is high because its supply is fixed and demand is high.
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Every summer, when peach is in season, the price of peach is very low. However, the beach house rental price is very hig...
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