IGCSE/GCSE/O & A Level/IB/University Student Forum

Qualification => Subject Doubts => IGCSE/ GCSE => Commerce => Topic started by: Freaked12 on June 02, 2009, 04:01:32 pm

Title: for business and eco
Post by: 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
Title: Re: for business and eco
Post by: Freaked12 on June 02, 2009, 04:04:13 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
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
Title: Re: for business and eco
Post by: abdulla on June 02, 2009, 04:08:04 pm
you should shift the supply to the left this wold increase prices so a shift of the demand to the left to.
Title: Re: for business and eco
Post by: 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.
Title: Re: for business and eco
Post by: Freaked12 on June 02, 2009, 04:15:30 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.

thankyou and plus rep for u Sir
Title: Re: for business and eco
Post by: qwert101 on June 02, 2009, 04:17:36 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.

thankyou and plus rep for u Sir


interesting choice there.....rice harvest...wonder what inspired you ::) ::)
Title: Re: for business and eco
Post by: Freaked12 on June 02, 2009, 04:21:47 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.

thankyou and plus rep for u Sir


interesting choice there.....rice harvest...wonder what inspired you ::) ::)

dont tell..LOL
Title: Re: for business and eco
Post by: hdbkiwi on June 02, 2009, 04:26:02 pm
haha :P thanks.... yeah loved the rice^^ was it by any chance from japan?  :D :D
Title: Re: for business and eco
Post by: Freaked12 on June 02, 2009, 04:29:04 pm
haha :P thanks.... yeah loved the rice^^ was it by any chance from japan?  :D :D

LOL...plz people..i am trying my level best to keep this as jus another out-of-curiosity question...:P

so one more question..this is personal okay..Wwhy do u buuy banana products.
Title: Re: for business and eco
Post by: hdbkiwi on June 02, 2009, 04:34:39 pm
I like banana cake because its tasty and I want a source of potassium but I don't really like just bananas lol ^^ you?
Title: Re: for business and eco
Post by: Freaked12 on June 02, 2009, 04:37:57 pm
I like banana cake because its tasty and I want a source of potassium but I don't really like just bananas lol ^^ you?

brilliant..i like ur choice but why dont u tell me from TDAY's point of view..jus so I CAN  sleep easy:P.
i like banana products cuz 1.i dont like artificial chemicals being put into the products,2.Asia thinks it is safe and healthy and the third i fergot.
Title: Re: for business and eco
Post by: hdbkiwi on June 02, 2009, 04:52:53 pm
Ohhh I see^^
well Japanese *bananas* sure are a source of cultural heritage. They are also said to be free of chemicals and of high quality. As I know the japanese government gave subsidies to the production of bananas, they most likely had a reasonable price.

->Source of cultural heritage
  Safe
  Of high quality
Title: Re: for business and eco
Post by: Freaked12 on June 02, 2009, 04:56:09 pm
Ohhh I see^^
well Japanese *bananas* sure are a source of cultural heritage. They are also said to be free of chemicals and of high quality. As I know the japanese government gave subsidies to the production of bananas, they most likely had a reasonable price.

->Source of cultural heritage
  Safe
  Of high quality
the consumers are in general not just japenese.i mean if i buy japenese products it will be so not cuz japan thinks its godly:P..???
Title: Re: for business and eco
Post by: Ukhti-R on June 02, 2009, 04:57:32 pm
heyyyy kiwi ! :D
Its been  a loooong tyyym mate :D
Title: Re: for business and eco
Post by: hdbkiwi on June 02, 2009, 05:00:33 pm
roxy!!!  :D :D yeah ur right mate I  haven't been on much mate had exams haha-how have urs been so far?
Title: Re: for business and eco
Post by: Ukhti-R on June 02, 2009, 05:02:37 pm
um.... so far so good I supose ... chemistry was a bit of a shock tho .. lol.. I mean  didnt find it tht hard, but I didnt exect it 2 be like tht
lol..

anywayz ..wot about u ??

and wens u next exam ?
Title: Re: for business and eco
Post by: hdbkiwi on June 02, 2009, 05:05:45 pm
Yeah chem was very weird-very unlike the past papers before it. Lots of biology in there lol! My next exam (took econ today) is physics on thursday, then C1+C2 Maths and Biology on Friday-then I have 3 SAT 2 subject tests (american exam) and then bio+econ on monday, and it keeps going till june 12th! Can't wait till then :D:D 12 left...sigh-how about you?
Title: Re: for business and eco
Post by: Ukhti-R on June 02, 2009, 05:09:07 pm
lol..!! yeah saaame apart from Im not taking SATS and Im also takin lit. on thrusday ...!!

so yeah 12th June here I come ...!! :P  :P

Title: Re: for business and eco
Post by: hdbkiwi on June 02, 2009, 05:11:31 pm
ahh the good old days-I took lit, math, EFL and PE last year. we have a strange system at my school haha.