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October 2, 2014

Homework Help: Macroeconomics

Posted by Roberta on Friday, January 30, 2009 at 12:34pm.

Cranberry productions in Mass totaled 1.8 million barrels in 2004, 28% increase from previous year's production. This year's crop avg 127.9 barrels per acre, an increase of over 30 barrels per acre from 2003 crop. But demand increased by even more than supply, actually pushing 2004 prices above 2003 prices. illustrate the following with supply and demand curves. I am so confused please help.

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