Macroeconomics (Tea export in Kenya)

Hello,

Here are the instructions for this discussion. Since it is a discussion, there is no need for a title page. Thanks.

Like bread and butter go together, so do supply and demand. In this activity, you will select a country and explore the concepts of supply and demand and market equilibrium.

Locate a recent article (published within the last year) that discusses supply and demand of an exported good at the macro level. You can use the Hunt Library, newspapers, new stations, or other credible sources to locate an article. Analyze your selected country’s exported good and determine the market equilibrium. Include the following in your discussion.

Identify the country chosen.
Discuss the exported good.
Define the Law of Supply and the Law of Demand.
Examine the change in demand, change in quantity demanded, change in supply, and change in quantity supplied. State how these concepts apply to your selected country.
Identify the determinants of supply and demand.
Explain factors that will shift the supply and/or demand curves to the left and/or to the right.

Summarize your findings using at least 250 words and provide a minimum of one reference. Use current APA formatting to document your sources.

Answer preview…………………

The chosen country of study for this research is Kenya which is among the leading tea producers in the world. Tea was first introduced in the African country by British settlers in the late 18^th century. The deep volcanic soil and an average annual temperature of around 16⁰C in the East African highlands provides the best climate for large scale tea farming. Tea is the second largest foreign income earner in the country after tourism. All the other countries in the region also produce tea, but the quality and quantity of the Kenyan tea far exceed that of its………………..

APA 392 words