Price of Tea is Set to Rise due to Poor Weather

Price of Tea is Set to Rise due to Poor Weather

Assessment

Interactive Video

Business

University

Hard

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The video discusses the significance of tea in the UK, highlighting its cultural importance and the large volume consumed daily. It explains how adverse weather conditions in Kenya have led to a significant increase in tea prices, affecting the cost of high-quality tea. The economic implications are explored, noting that manufacturers and shops may not absorb these costs, potentially leading to higher prices for consumers. The video also examines consumer behavior, suggesting that while people may not stop buying tea, they might opt for lower-quality options. Finally, it emphasizes the cultural addiction to tea in the UK and the need to consider the origins and fair pricing of tea.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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