Saturday, February 17, 2007

Unit 1: The market for red roses

A brief BBC clip about the effect of Valentines day on the market for roses

< http://www.bbc.co.uk/mediaselector/check/player/nol/newsid_6350000/newsid_6357900?redirect=6357959.stm&news=1&nbwm=1&bbram=1&nbram=1&bbwm=1 >

a) Draw a diagram to show the effect of Valentines day on the market for red roses
b) A bouquet of red roses appears not to be a homegenous product; why not?
c) What type of market structure best represents the rose market? Explain your answer

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