QUESTION 1:Based on the title of the article “Avocado prices hit record highs with increased demand and scarce supply”, we can see that demand of avocado has upward trend while the supply of avocado has a downward trend
QUESTION 2:Based on the article, the avocado supply can be support by more avocado orchard which is being set up (Lara Wester, 2016). The supply of avocado is expected to increase significantly over the next few years through marketing campaign (number of seller factor). In addition, the demand for avocados continues to increase as it can be used in the variety of foods (preference factor). Especially, avocado is considered to be unique fruit that no fruit can replace them (number of buyer factor). Therefore, both demand and supply will increase because of these determinants above.
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