Saturday, August 25, 2007

Unit 1: Supply and Demand; the price of wheat

This BBC article says the price of wheat has risen

http://news.bbc.co.uk/1/hi/business/6962211.stm

a) Identify the supply reasons for the price rise
b) Identify the demand reasons for the price rise
c) Draw a S&D diagram to show both of these changes and explain the effect on the price of wheat

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