2.5 & 2.6   Price Determination and Price Changes

Why is Vanilla so expensive?

Here are some resources to use as background. Read "Don't spill the extract"

Seattle Times: Vanilla extract costs what? A worldwide shortage means it’s time to find other options

Financial Times: Crop uncertainty drives vanilla price back to record level

BBC news: Vanilla price rise proves chilling for ice-cream makers

MC Test courtesy of economicsonline

Further Questions from economicsonline