Explanations
Why is coconut oil so expensive?
Graham Watson
1st March 2021
This clip looks at why coconut oil is 12 times more expensive than ordinary oils.
In part, the price reflects the difficulties of harvesting coconut oil which is still labour intensive, as well as higher levels of demand because of its perceived health benefits. So, a lovely example of supply and demand in action.
You might also like
Measuring National Income (GDP)
Study Notes
Government Intervention - Subsidies
Teaching PowerPoints
Chocolate consumption by country
25th July 2015
Nigeria: Primary Product dependency and currency depreciation
29th January 2016
Motorists shun diesel vehicles
6th February 2017
Price Volatility - The Cocoa Market
Study Notes
Changes in Demand - Match Up Activity
Quizzes & Activities
4.1.3.1 Determinants of Demand (AQA A-Level Economics Teaching PowerPoint)
Teaching PowerPoints