Demand and supply in action – fake Christmas trees are in vogue!
Wednesday, October 13, 2010
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One factor that can have a huge effect on demand is a change in fashion and taste. Fake Christmas trees which used to be the height of tackiness are now selling like hotcakes, up 140% from last year. With more people looking for an environmental alternative, can your students think of any other Christmas products which may see an upsurge in sales? They could also draw a supply and demand diagram to show how the price of the fake Christmas trees could change due to the shift in demand
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