Demand and supply in action - tea prices surge
The new Edexcel GCSE Business Unit 1 specification encourages students to look at commodity markets to develop their understanding of how demand supply interact to determine market prices.
Here is an excellent example of how two significant shifts in the demand and supply curves can affect the global price of a commodity. Failing crops and surging demand for tea is pushing prices higher.
As a leading exporter of tea, Keyna is benefitting from the surge in prices, after suffering from higher production costs in recent years.
More From the Digital Store
Topic-by-topic, editable PowerPoints for the entire Theme 1 and Theme 2 specification of Edexcel A Level Business.
Much cheaper & more effective than TES or the Guardian. Reach the audience you really want to apply for your teaching vacancy by posting directly to our website and related social media audiences.