The article “Chocolate lovers, brace yourselves: Prices are rising, but not forever” by Jenni Reid (CNBC, August 22, 2025) discusses the recent surge in chocolate prices caused by harsh weather, pest outbreaks, and resource shortages in Africa, where 75% of the world’s cocoa is produced. Rising production costs and global inflation have further driven up prices, while the supply of cocoa remains inelastic due to limited suitable land and few producing countries like the Ivory Coast and Ghana. Despite high prices, demand for chocolate stays strong, showing price inelasticity on the demand side as well. However, prices might decline next year as cocoa production improves with better weather and maturing crops, though UK retail inflation and US trade policies could keep pressure on prices. Government intervention is not essential since chocolate is not a necessity, but producer countries might subsidise or support the industry if prices hurt competitiveness. The article suggests that investment and technological improvements would be a more effective long-term solution to increase cocoa supply and stabilise prices.

Hello mọi người, mình là Danh lớp 11AS0, năm nay mình apply làm mentor môn Physics và Maths. Mong năm nay Sparkademia sẽ thành công rực rỡ 🎉🎉

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Have you ever wondered why milk is always at the back of a store? It’s actually not random at all! Supermarkets use smart strategies from behavioral economics to influence the amount we purchase. By placing essential items like milk or bread at the far end, stores make you walk past dozens of other products. This increases the chances of impulse buying. The placement of products on shelves also matters. Items at eye level sell the most because customers tend to look at that height first. Cheaper items are often placed lower or higher, making premium products that generate higher profits for stores seem more appealing. Here’s the kicker: this strategy is so effective that supermarkets can boost profits by 10 to 30 percent just by changing the layout, without adjusting any prices. Even small decisions, such as placing baskets near the entrance or the cashier counter, are meant to encourage larger spending. Economics isn’t just in finance or big-picture aspects like government decisions; it’s in the aisles of your local supermarket. Next time you go shopping, pay attention to the layout. You might leave with more than you planned, thanks to a tiny bit of economic tricks. By Dang Van Nga - 10IG2E2