Supply and Demand

There are about 2500 different varieties of apples grown in the United States each year. Apples are filled with all the healthy nutrients a person needs and are only on average 80 calories per medium apple. Eating this delicious fruit will not only help fight weight, but diseases as well. Apples contain a substance that helps to reduce the risk of certain cancers, cardiovascular disease, asthma and diabetes (Apple Nutrition Facts). Although apples are extremely healthy and delicious, the supply and demand for them change often for many different reasons.
Supply and demand is the backbone of a market economy. The law of demand states that, if all other factors remain equal, the higher the price of a good, the less people will demand that good. The higher the price is of a good, there will be a decrease in demand of that good. The law of supply shows the quantities that will be sold at a certain price. In other words, the higher the price, the higher the quantity supplied. Selling a higher quantity of goods at higher price increases a company’s profit (Economics Basis: Demand and Supply). There are many factors that could possibly change a company’s supply and demand of a certain good such as the different seasons, the weather and the condition of the product. For example, apples are much easier to get in the warmer months of spring and summer making them much cheaper than in the colder months of late fall and winter when apples are much more expensive. Another factor that could also affect the change in the supply and demand of apples is the weather. If Florida has a summer of non-stop hurricanes, this will affect the growth of apple trees as well as many other crops by drowning and ruining them. There would be less apples to give to consumers, therefore, increasing the prices of apples. One of the most important things about a good is the condition of it. Apples grow from trees which means they can easily fall from them. If apples fall from trees, worms and...