Watermelons is highest during summer also lowest winter

Reference no: EM1336802

Supply and Demand Graphs: Watermelon Market

The demand for watermelons is highest during summer and lowest during winter. Yet watermelon prices are normally lower in summer than in winter. Use a demand and supply graph to demonstrate how this is possible. Be sure to carefully label the curves in your graph and to clearly indicate the equilibrium summer price and the equilibrium winter price. Hint: There will be two demand curves and two supply curves, one set for winter and another set for summer.

Reference no: EM1336802

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