Especially you economics teachers, look at this very carefully:
How much do you pay for juice at your local market?
How much per ounce?
Kennie (at Tales from the Arctic) features a bunch of unbelievable prices. Getting goods to towns in the far north of North America, in Canada and Alaska, is a major production. Transportation and handling kick prices up a bit.
We’ll find out how alert Sarah Palin is when somebody asks her the price of a gallon of milk . . .
More seriously, economics teachers might find some object lessons in these photos, and a good presentation on supply and demand, and the costs of distribution.
Milk at $8.50 a gallon? Even in Canadian currency, that burns.
I wonder: Do prices like these make economics any easier to teach to high school kids? Does the urgency of high prices make the subject more relevant?