我要做homework,唔該幫幫忙呀!!
1) how changes in the market situation might change the
price of oil that could affect you and other consumers?
2) how changes in market factors can influence price? Give examples to support your answer.
THANK YOU SO MUCH!!
有無經濟高手 幫幫手, the effects of rising oil price on demand&supply
2008-10-21 3:34 pm
回答 (2)
2008-10-24 5:22 pm
✔ 最佳答案
you have to look at what change in the market. For example,A increase in:
Price of a substitute will shift the demand right
Price of a complement will shift demand left
expected future price- D right
Income for normal good- D right
Income for inferior good- D left
Population- D right
Preferences- D right
If to look at the supply curve, an increase in:
Price of productive resources- S shifts left
Price of substitute of production- S shifts left
Price of complement of production- S shifts right
expected future prices- S shift left
number of suppliers- S shifts right
technology- S shifts right
2008-10-21 5:05 pm
1) Economic downturn cause decrease demand on oil, demand curve shift left and oil price decrease.
2) Oil price decrease reduce the production cost of goods, supply curve shift right, goods price decrease.
2) Oil price decrease reduce the production cost of goods, supply curve shift right, goods price decrease.
收錄日期: 2021-04-15 19:05:15
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