This was because they weren't grown in Europe, so when world explorers brought back this rare and exotic new fruit, supply was low and demand was high.
View moreLaptops can be powered either from an internal battery or by an external power supply from an AC adapter.
View moreSupply and demand is a model of microeconomics.
View moreThere are two determining factors on such a market, the number of things made available, called supply, and the number of things consumers want, called demand.
View moreSupply and demand shows how producers and consumers interact with each other.
View moreFor normal goods, and a normal market, there are four basic laws that determine the change in the market, if either supply or demand changes.
View moreIf the demand increases, and the supply remains the same, there will be a shortage, and the price will increase.
View moreIf the demand decreases, and the supply remains the same, there will be a surplus, and the price will go down.
View moreIf the supply increases, and the demand remains the same, there will be a surplus, and the price will go down.
View moreIf the supply decreases, and the demand remains the same, there will be a shortage, and the price will increase.
View moreWhen there is more supply, this will cause prices to fall because people will not want to pay more for items that can be found easily.
View moreWhen there is more demand, prices will go up because many people want to buy the same item but there is not enough supply for it.
View moreThis greater number of providers makes the supply go up, which forces the price down toward the cost of production and distribution.
View moreMore than two-thirds of the world's cocoa is grown in Africa, and Côte d'Ivoire alone produces 33% of the world's supply.
View moreInstead she created chocolate chip cookies, and later sold the idea to Nestle for a lifetime supply of chocolate.
View moreA whopping 50% of the entire world's supply.
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