This Times article suggests the supply of whisky is running out in the face of rising demand
http://www.timesonline.co.uk/tol/life_and_style/food_and_drink/article4228200.ece
a) Why is supply likely to be inelastic according to the article?
b) Using a S&D diagram, show the effect on consumers of a rise in the world demand for scotch whisky
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment