Friday, September 25, 2009

Unit 1: The price of chocolate

Thanks to tutor2u for this link and questions on how S&D are efffecting the price of chocolate

1. With the aid of a demand and supply diagram explain why the price of cocoa has risen. (5)
2. Explain, with reference to the article why cocoa and chocolate are said to be a
derived demand. (3)
3. Cadbury have said that if cocoa prices remain high they would have no choice but to raise the price of chocolate. Discuss whether this is the best option for Cadbury and other chocolate manufacturers. (8)

No comments: