Chocolate in Anytown: 1960-1990

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This report describes the relationship between price of chocolate, sales of chocolate and average income in Anytown between 1960 and 1990. The data presented in three charts. The chart shows the prices of locally produced chocolate and imported chocolate 1960 to 1990, while the second chart shows sales of kinds of chocolate for the same . The third chart shows average annual income over the period.

The first chart shows that the price locally produced chocolate was constant from 1960 until 1965 at $0.20 per 100 grams. After that, the price gradually until it reached $1 per 100 grams in 1990.The chart shows that the price of imported chocolate was also constant between 1960 and 1965 at $0.30 per 100 grams. After 1965, this price increased. It went up gradually between 1965 and 1980 when it was $0.70 per 100 grams. However, 1980 and 1990 the of imported chocolate rose dramatically. It was $1.6 per 100 grams by .

The second chart shows that sales of locally chocolate were constant form 1960 to 1975 at 1.5 million grams per year. Between 1975 and 1980, , sales went down sharply and fell to 1 million grams per year in 1980. Then, they increased dramatically between 1980 and 1985 and continued to increase between 1985 1990. In 1990, approximately 2.4 million grams of locally produced chocolate were sold. Sales of imported chocolate were also constant from 1960 to 1975 at 1 million grams per year. In contrast, sales this chocolate fell significantly from 1975 and 1990. 1990, only about 0.2 million grams of imported were sold.

The third chart shows that the annual income increased in Anytown from $9,000 in 1960 to around $17,000 in 1975. After 1975 average fell until it was just over $15,000 in 1980. It then began to increase again and by 1990 it was over $25,000 per year.

The to the questions are as follows. Sales of locally produced imported chocolate fell between 1975 and 1980 probably average income also decreased during that period. People probably bought less chocolate because they had less money spend than before. It is possible that sales of imported chocolate continued to fall after 1980 because the price of imported chocolate became a lot higher the price of locally produced chocolate from that onwards. As a result, more people may have chosen to buy locally produced chocolate because it was cheaper.