Question
Read the passage below and answer the question that follows.
Blueberries are a healthy, sweet fruit that many people enjoy. In most areas of the United States, blueberry plants produce fruit in the summer and early fall. During the winter months, blueberries are more scarce in stores because the plants do not produce fruit then.
How would the market for blueberries be affected by their scarcity in the winter?
Supply would go up.
Demand would go up.
Prices would go down.
A surplus would occur.
Blueberries are a healthy, sweet fruit that many people enjoy. In most areas of the United States, blueberry plants produce fruit in the summer and early fall. During the winter months, blueberries are more scarce in stores because the plants do not produce fruit then.
How would the market for blueberries be affected by their scarcity in the winter?
Supply would go up.
Demand would go up.
Prices would go down.
A surplus would occur.
Answers
GPT-4o mini
The correct answer is that **prices would go up**.
When blueberries are scarce in the winter, with less supply available in stores, the demand for them may remain the same or even increase as people still desire the fruit. With a lower supply and steady or increasing demand, prices typically rise. Therefore, the market for blueberries in winter is characterized by higher prices due to their scarcity.
When blueberries are scarce in the winter, with less supply available in stores, the demand for them may remain the same or even increase as people still desire the fruit. With a lower supply and steady or increasing demand, prices typically rise. Therefore, the market for blueberries in winter is characterized by higher prices due to their scarcity.