A great article from the BBC explaining why the price of wheat has reached an all time high
http://news.bbc.co.uk/1/hi/business/6990821.stm
a) Explain what has happened to the demand for wheat using economic reasons
b) Explain what has happened to the supply of wheat using economic reasons
c) Draw a S&D diagram to show the effect of these changes and explain the effects of these changes on the price of wheat
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment