[4a] Local Market Price Analysis

Analyze your tracking data.

• Was there any price change? If not, why? If so, how often did the price change and why? (e.g., increased demand, decreased supply, necessities, etc.)
• Did the price of the same product vary depending on the location (optional if you collected prices at different locations)?
• What seemed to be demand factors?
• What seemed to be supply factors?
• Choose one price change you observed. What do you think caused it? How would you explain it using economic languages we learned?