This BBC video clip is interesting when considering the demand for chocolate
http://news.bbc.co.uk/1/hi/business/7580488.stm
a) What economic factors influence the demand for chocolate
b) The video says price will rise but that this will not effect demand much at all. What does this tell you about the demand for chocolate?
c) Use economic theory to explain why this is the case
d) Draw a S&D diagram to show and then explain the effect of the increase in costs on the chocolate market
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