Introduction
The most fundamental and essential aspect of economics is demand and supply. In any common marketplace, a commodity’s price is usually determined by its supply and demand. Demand refers to the quantity of a product or service desired by customers. Supply, on the other hand, refers to the amount of a product that the market is able to offer. As will be seen, the supply and demand are very dynamic and keep on changing from time due to a variety of factors. This essay seeks to explore some of the factors that have been influencing the demand and supply for food in ...