Supply and Demand the Rising Cost of Food
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Supply and Demand the Rising Cost of Food
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In this podcast, we're going to look at the rising cost of food. It's a scary fact that food prices are increasing. I know I just got back from the grocery store, 100 dollars does not go as far as it did a month ago, partially the cause of the global pandemic and the ripple effect of lockdowns and staff shortages. But it's not an arbitrary decision by the suppliers to up the prices. Many factors affect the cost. For example, raw materials less were produced during the first, second and third waves of the pandemic because not as much as being bought.
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