Think of items that you have purchased in a market: an ordinary item in your weekly budget, like coffee

You can consider some of the following questions in your contribution.

1.) What price trends have you noticed over the last few years? Do the prices fluctuate? Have prices increased or decreased?

2.) How would you use what you have learned concerning Supply and Demand to explain these trends?

3.) Have there been any shortages or surpluses? How would you explain that?