Need an argumentative essay on Article pertaining to a change in the supply demand,pricing of a particular product or service. Needs to be 3 pages. Please no plagiarism.
During the height of fighting in January 2003, the price of cocoa on world commodity exchanges more than doubled surpassing $2,700 a ton. While it has fallen back to about $1,700 a ton now that a tentative peace prevails, it remains historically high. (Cocoa was trading for about $1,000 a ton before the outbreak of the war).
Chocolate companies have already passed some of the added cost to the consumers. In 2003, Nestle increased its chocolate prices by 10% while Hershey’s and Mars raised the wholesale price of some of their most popular candy bars y a similar amount. Swiss chocolate maker, Lindt, Kellogg’s Keebler, and Kraft’s Nabisco have also raised prices.