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Transcript of Tea.
by Anastasia Zobnina
Camellia sinensis is an evergreen
plant that grows mainly in tropical
and subtropical climates.
RANK COUNTRY EXPORT VALUE 1000 US$
1 Sri Lanka 1,476,881
2 China, mainland 965,080
3 India 867,143
4 Kenya 858,250
5 United Kingdom 262,959
6 Germany 229,383
7 Viet Nam 204,018
8 United Arab Emirates 191,814
9 Indonesia 166,717
10 Poland 139,393
WORLD TOP 10: HIGHEST TEA EXPORTS IN THE WORLD
There are 4 types of tea.
Causes of change in price:
-excess supply,due to good climate etc.
-changes in production eg. shortages of labour.
-changes in supply,which would lead to less supply,which in turn would lead to an increase
in the price of tea.
Substitutes for tea are coffee,hot chocolate,or even ice tea.
Compliment for tea is...
PED-price elasticity of demand.
Price on tea rises by 24%,demand falls by 4%
-4% / 24$ = 0,2. PED is inelastic.
YED-income elasticity of demand
XED-cross elasticity of demand
price of tea rises by 15%,demand of coffee rises by 15%
15% / 15% = 1. It is positive,means it is a substitute.
definition of tea
income rises by 15%,demand of tea rises by 0%
0% / 15% = 0. normal good