Sunday, July 22, 2007

Unit 1: The price of bread

This BBC video clip and associated article says the price of bread is due to rise in the autumn
< http://www.bbc.co.uk/mediaselector/check/player/nol/newsid_6900000/newsid_6908500?redirect=6908523.stm&news=1&nbram=1&nbwm=1&bbwm=1&bbram=1 >

http://news.bbc.co.uk/1/hi/uk/6909469.stm

a) Use both supply and demand reasons to explain why the price of bread will rise
b) Draw a S&D diagram to show the S and D changes and the resulting price rise

No comments: