Question
Why Can We Not Get Enough of Organic? In order to receive full credit for this discussion, you need to post: , and (2) at
Why Can We Not Get Enough of Organic?
In order to receive full credit for this discussion, you need to post: , and (2) at least one brief response/comment to an answer posted by another student. My goal is for us to evaluate how the supply and demand model applies to real-world trends.
Organic food is grown without synthetic pesticides, chemical fertilizers, or genetically modified seeds. In recent decades, the demand for organic products has increased dramatically.
Answer the following questions:
1) Why are organic foods more expensive than their conventional counterparts? The answer could be an application of the supply and demand model.
2) Describe in your own words what factors have affected and will continue to affect the demand and supply for organic foods?
3) Describe any shifts, and make any predictions of what might happen to the prices of organic foods in the future.
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