Problem
You have decided to study the market for fresh picked cherries. You learn that over the last 10 years, cherry prices have risen, while the quantity of cherries purchased has also risen. This seems puzzling because you learned in microeconomics that an increase in price usually decreases the quantity demanded. What might explain this seemingly strange pattern of prices and consumption levels?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.