Avocados

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Avocados have seen a significant surge in price and a shortage in the supply of avocados. The determinants that supported this was seen in the fourth paragraph of the article as the consumer tastes changed favorably because of the healthy fats and oils that avocados have. The 2nd determinant is the number of potential consumer has increased as Chinese markets and big multinational corporations like Chipotle and Starbucks have been offering products with avocados. With this being said, graphically we can expect a shift in the demand curve as our number of potential consumers have rose and consumer tastes have favored avocados. On the other hand the number of suppliers has stayed the same but the quantity of avocados supplied has decreased due to alternating harvest years in california and more avocados being shipped to china rather than crossing the border north to the U.S, causing a decrease in quantity supplied but also a shift in the supply curve because of starbucks increase use of avocados. …show more content…

The healthy oils and fats is the main reason for the increase in demand, consumers will more likely want to add more avocados to their salads or order starbucks in avocado spread. The big restaurant chains ensure that the consumer demands are fulfilled because they can afford to buy avocados even when the price is surging and as long as the demand says high. Moreover the number of potential consumers increased as china’s consumer market has increased its import of avocados from Mexico,further straining the supply of avocados. Graphically this can be see as a significant increase in demand as new consumer markets want more avocados and restaurants buy more avocados to supply the wants of their consumers, resulting in a increase in the price and

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