Friday, April 10, 2009

Unit 1: The price of chocolate

This Ch4 video suggests that the price of chocolate is due to rise

http://link.brightcove.com/services/player/bcpid1184614595?bctid=19088159001

a) Using a S&D diagram, explain why the price of chocolate is likely to rise
b) Using economic analysis, explain why firms are getting their chocolate products certified by Fairtrade or other agencies

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