https://youtu.be/pXoZYyag9-0
QUESTIONS
a) What is happening to the demand for higher SPF sunscreens? Why is this? Draw a graph.
b) Is the price of higher SPF sunscreens higher than that of lower SPF sunscreens? (Ask another person if you are not sure)
c) We have talked about the importance of information in effective markets. Do consumers know all the information they need to know about sunscreens, according to this program? How can businesses capitalize or even take advantage of consumers if consumers are not informed? Do you think they are doing this?
d) Apply the concept of diminishing returns to sunscreen SPF levels.
