Using the article and video,
http://www.channel4.com/news/articles/business_money/champagne+prices+down+after+bumper+crop/3421197
a) Using a S&D diagram, explain why the price of champagne has fallen
Subscribe to:
Post Comments (Atom)
skip to main |
skip to sidebar
Posts
Topics
- Absence of private property rights
- Actions to correct market failure
- Ageing population
- Aggregate demand
- Aggregate supply macroeconomic equilibrium
- Aggregate supply.
- Allocative efficiency
- Assumptions in economics
- audio
- australian economy data
- Automation
- Balance of Payments
- Bank of England
- Barriers to Entry
- barriers to trade
- Basic Income; Inequality
- Behavioural Economics
- benefits
- Brexit
- Budget deficit
- budget surplus
- Business cycle
- Capitalism
- carbon tax
- Cartel
- Central bank
- Centrally planned economies
- Circular flow of income
- Coal
- Collusion
- comparative advantage
- competition
- Competition and Markets Authority
- Competition Authorities
- Competition Policy
- concentration ratio
- consumer confidence
- consumer surplus
- Consumption
- contestable markets
- CORVID19
- Cost Benefit Analysis
- costs
- creative destruction
- Crowding out
- Currency controls
- Currency peg
- Current account
- Customs Union
- d
- Deflation
- Demand
- derived demand
- Development
- Diagrams
- direct taxation
- discrimination
- Dumping
- Dynamic Efficiency
- Dynamic pricing
- Easterlin paradox
- Economic cycle
- Economic goods
- Economic growth
- Economic Integration
- Economic problem
- Economic schools of thought
- Economic stability
- Economic systems
- economically inactive
- Economies of scale
- Edexcel link
- Efficiency
- Elasticity
- Embargo
- Employment/Unemployment
- Euro
- Euro carry trade
- European Union
- Evaluation
- Exam technique
- Exchange rates
- exports
- Externalities
- F581
- F582
- Factors of production
- Famous Economists
- FDI
- Financial Economics
- Financial Regulation
- Financial System
- Fiscal drag
- Fiscal policy
- Foreign direct investment
- Free goods
- Free Market
- Free trade
- Game theory
- GDP
- gini coeficient
- Globalisation
- Glossary
- GNP
- Government Budget
- Government Expenditure
- government failure
- Government intervention
- Government provision
- Gross National Happiness
- happiness
- Hayek
- HDI
- Herding behaviour
- Horizontal integration
- Housing
- Human capital
- human development index
- Hysteresis
- imports
- Income distribution
- Income Equality
- Income inequality
- Income redistribution
- index numbers
- indirect taxation
- Inequality
- Inferior/normal goods
- Inflation
- Information failure
- Integration
- interest rates
- international competitiveness
- International trade
- Introductory ideas
- Investment
- Invisible hand
- Irrational behaviour
- J curve
- Key Terms
- Key terms glossary
- keynes
- labour economics
- labour market issues
- Laffer curve
- leg
- legislation
- liquidity trap
- living wage
- lorenz curve
- Macroeconomic data
- Macroeconomic equilibrium
- Macroeconomic objectives
- macroeconomic policy constraints
- macroeconomic quiz
- macroeconomics
- market concentration
- Market dominance
- Market Failure
- market share
- Market structure
- Markets
- Maximum pricing
- Mergers
- Merit/Demerit goods
- microeconomics diagrams
- microeconomics examples
- microeconomics quiz
- migration
- Millennium Goals
- minimum pricing
- minimum wage
- mobility of labour
- Modern Monetary Theory
- Monetary policy
- Money
- Money Supply
- monopolistic competition
- Monopoly
- Monopsony
- MRP
- multiple choice tests
- Multiplier effect
- Nash equilibrium
- National Debt
- Nationalisation
- Natural Monopoly
- Natural Rate of Unemployment
- Negative interest rates
- non-tarrif barriers
- normal and abnormal profit
- Obesity
- Oligopoly
- on-line lessons
- Opportunity cost
- Output gap
- Pareto efficiency
- Perfect competition
- Phillips curve
- polluter pays principle
- population
- Potential output
- Poverty
- Price and equilibrium
- price discrimination
- price index
- Prices
- Prisoner's dilema
- Privatisation
- producer surplus
- Production possibility curve
- production possibility frontier
- Productive efficiency
- Productivity
- profit
- profit maximisation
- profit satisficing
- Progression
- protectionism
- Public Goods
- Purchasing Power Parity
- Quantitative easing
- quantitative methods
- Quantity theory of Money
- Quiz
- Quota
- real wages
- Recession
- Regulation
- Regulation; video
- regulatory capture
- remittances
- renewables
- rent controls
- revenue
- Revision
- Savings
- savings ratio
- Scarcity
- scoop it
- Sectors of the economy
- shrinkflation
- single currency
- Single market
- social welfare
- Socialism
- specialisation division of labour
- stagflation
- standard of living
- stock market
- Subsidies
- subsidy
- Substitutes/complements
- sugar tax
- Supply
- Supply side policies
- sustainability
- Takeover
- Tariffs
- Taxation
- terms of trade
- Theory of the firm
- Tradable permits
- Trade deals
- trade deficit
- trade surplus
- Trade Unions
- trade war
- trade-off
- Tragedy of the commons
- Transmission mechanism
- TTIP
- UK economy
- Unemployment
- Universal Basic Income
- Veblen good
- vide
- Video
- volatile prices
- wage determination
- Wage discrimination
- wages
- Wealth
- wellbeing
- WTO
Blog Archive
-
▼
2009
(238)
-
▼
November
(17)
- Unit 1: Scottish government action on sunbeds
- Unit 1: Market failure; obesity in Scotland
- Unit 1: Revision: Market failure and efficiency
- Unit 1: Negative externalities from schoolies week...
- Unit 2: Protectionism examples
- Unit 1: Drawbacks of using indirect taxes to reduc...
- Unit 1: Scarcity and choice in the health service
- Unit 2: Interactive unemployment data for the USA
- Unit 1: Externalities in Singapore
- Unit 2: Inflation: Measurement, causes and effects
- Unit 1: The price of champagne
- Unit 2: Unemployment: How it's measured
- Unit 2: The effect of USA tariffs on China's pipe ...
- Unit 1: Car scrappage: Subsidies as a means of inc...
- Unit 1: Government action to reduce smoking
- Unit 2: Structure and state of the Balance of paym...
- Unit 1: Market failure in the car tyre market
-
▼
November
(17)
About Me
- Blogger Bryn
- I'm 54 years old and teach Economics at Long Road Sixth Form College in Cambridge and have done so for far too long!
No comments:
Post a Comment