Question
Seasonal goods are goods that are consumed in larger quantities during some seasons than in other seasons, e.g. strawberries or hotel rooms near a beach
Seasonal goods are goods that are consumed in larger quantities during some seasons than in other seasons, e.g. strawberries or hotel rooms near a beach during summer. While the price for strawberries is lowest during their season of highest consumption the price for hotel rooms near the beach is highest during their season of highest consumption. Explain why.
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Introduction to Behavioral Economics
Authors: David R. Just
1st edition
0470596228, 978-0470596227
