Prices of CNY delicacies have increased during this Chinese New Year is attributed to supply side factors and demand curve. During CNY, demand for CNY delicacies & goodies have increased. This causes the demand curve to shift to right. For example, shark fin soup. Consumption of shark fin soup has risen dramatically with the middle class becoming more affluent, as communities around the world enjoy increasing income levels.
Moreover, prices of delicacies such as mandarin oranges have increased were up 10% due to bad weather and floods...
