Sunday, January 24, 2010

Unit 1 The price of garlic

Thanks to tutor2u for this article from the China Daily on the surging price of garlic

http://www.chinadaily.com.cn/bizchina/2009-11/30/content_9076838.htm

a) What factors that effect demand have changed?
b) What factors that effect supply have changed?
c) Use a S&D diagram to show why the price has risen so sharply

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