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Economics Tuition Case Study Question: Durian frenzy spreads to China

by Simon Ng | Jul 18, 2017 | Economics Tuition, Elasticity of Demand and Supply, Microeconomics, Microeconomics CSQs, Theory of Demand and Supply | 0 comments

In the recent months, the price of durian in Singapore has increased. Generally, the durians are imported from Malaysian farmers. However, there has been a growing trend of Malaysian suppliers exporting durians to China. Hail the king of all fruits Mao Shan Wang (also...