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How did the cost of the basket of goods Daniel bought from the farmer's market change from the first week to the second week

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michell96

The cost of the basket Daniel bought at the farmers market increased.

How to know if the cost of the basket increased or decreased?

To find out if the cost of the basket that Daniel bought at the farmers market increased or decreased, we must compare the price of the previous week and the price of the current week.

Based on the above, we can infer that the price increased because the previous week the price was $12 and in the current week it is $15.

Note: This question is incomplete because there is some information missing. Here is the complete information:

  • Basket price last week: $12
  • Basket price this week: $15

Learn more about price in: https://brainly.com/question/18117910

anthougo

The cost of the basket of goods that Daniel bought from the farmer's market changed from the first week to the second week due to increased demand and reduced supply.

What are demand and supply?

Demand and supply refer to the market forces that interact to determine the production and prices of goods and services in an economy.

Without the interaction of demand and supply, the number of units to be produced will be difficult to determine.  Moreover, the determination of prices in a free market economy will be based on governmental regulations.

Thus, the cost of the basket of goods that Daniel bought from the farmer's market changed from the first week to the second week due to increased demand and reduced supply.

Learn more about demand and supply at https://brainly.com/question/4804206

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