Saturday, July 21, 2007

Unit 1: The rising price of farm crops

This BBC clip explains why farm crop prices are rising
< http://www.bbc.co.uk/mediaselector/check/player/nol/newsid_6290000/newsid_6290500?redirect=6290510.stm&news=1&bbwm=1&nbram=1&bbram=1&nbwm=1 >

a) Explain the 2 demand side effects on price described
b) Explain the 1 supply side effect on price described
c) Draw a D&S diagram to show these effects on farm prices

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