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if no one can live without groceries, then why do they cost less than big-screen tvs that no one really needs?
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if no one can live without groceries, then why do they cost less than big-screen tvs that no one really needs?

User Tony Vincent
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6 votes

Answer:

Although the demand is higher for groceries than for TV's, supply is much greater for groceries. (Price is a function of both supply and demand.

User Sunshinator
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