Morning tomatoes command high prices because they are completely fresh and customer footfall peaks. By evening, vendors drop prices sharply to quickly sell off perishable inventory and avoid total financial loss overnight from rot.
Home/class 9 social science chapter 9 the price puzzle what drives the market exercise solutions
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Virat
Asked: In: Class 9 Social Science
Fresh groundwater is critically scarce yet wasted through flood irrigation and domestic leakages. It can be better managed using rainwater harvesting, drip irrigation technology, metering usage, wastewater recycling and community conservation regulations.
Kriti
Asked: In: Class 9 Social Science
Sellers lower prices to expand market demand and boost sales volume. Lower prices create temporary excess demand, shifting equilibrium toward higher quantities. Both benefit because buyers save money while sellers increase total revenues.