Qualification > Commerce

for business and eco

(1/4) > >>

Freaked12:
suppose there is  a failure in rice harvest ..draw a demand and supply diagram to show what happens in the market for each case...how would u do this

Freaked12:

--- Quote from: Freaked12 on June 02, 2009, 04:01:32 pm ---suppose there is  a failure in rice harvest ..draw a demand and supply diagram to show what happens in the market for each case...how would u do this

--- End quote ---
pressed enter too early..sorry...
 that cosmetics are made up of rice..and rice suffered a failure in rice harvest.draw a demand and supply diagram to show what happens in the market for rice and cosmetics...how would u do this

abdulla:
you should shift the supply to the left this wold increase prices so a shift of the demand to the left to.

hdbkiwi:
Since the rice and rice based cosmetics are in joint supply, the two diagrams you would draw would be identical. You would have a shift to the left of the supply curve, which would raise the equilibrium price; a resulting contraction of demand would occur. There is no shift in the demand curve-the point is just further up the curve than before.

Freaked12:

--- Quote from: hdbkiwi on June 02, 2009, 04:13:45 pm ---Since the rice and rice based cosmetics are in joint supply, the two diagrams you would draw would be identical. You would have a shift to the left of the supply curve, which would raise the equilibrium price; a resulting contraction of demand would occur. There is no shift in the demand curve-the point is just further up the curve than before.

--- End quote ---

thankyou and plus rep for u Sir

Navigation

[0] Message Index

[#] Next page