The "A" index is a proxy for the world price of cotton. From January to October 2010, the price reflected by the "A" index increased by about 50%. On the following graph, shift the supply curve to show what may have caused the increase in the price of cotton. "A" INDEX PRICE OF COTTON QUANTITY OF COTTON Supply Demand Another possible explanation for this increase in the price of cotton is a Demand Supply ? shift of the demand curve.

By using diagram, show the impact of a shift of demand or supply on the equilibrium point.

Italians call for 1-day pasta strike In 2007, the price of durum flour rose by 20 percent. Seventy percent of pasta is durum flour. Italians will soon be paying 20 percent more for pasta. Italian consumer groups called for a one-day boycott of pasta in grocery stores, as a way of showing their unhappiness with the price increase. Source: The New York Times, September 12, 2007. What is the effect of the rise in the price of durum flour on the market price of pasta? The graph shows the market for pasta before the price of durum flour rose. Draw a curve to show the effect of the higher price of durum flour on the market for pasta. Label it. Draw a point at the new market equilibrium. Animation Etext pages Get more help. 1.80- 1.60- 1.40 1.20- Price (dollars per pound) 1.30 ........ D Clear all S 140 1.00+ 100 110 120 130 140 150 160 170 180 Pasta (thousands of pounds of pasta per week) >>> Draw only the objects specified in the question. Q Check answer ) (1) 1)XX (1) (1) '1)

Use a supply and demand graph to show the impact of the following on the equilibrium price and quantity. Apple requires buyers of Apple laptops to purchase an expensive warranty service contract and at the same time workers at the laptop factory are more productive.

What would happen to the equilibrium price and quantity of coffee if the wages of coffee-bean pickers fell and the price of tea fell?

In this question, you'll explore the effect of a good weather season in Pennsylvania on the price of strawberries in the United States, as well as on the daily wages of strawberry pickers in California. Assume that strawberry buyers don't care whether their strawberries come from Pennsylvania or California. On the following graph, show the effect the good weather season in Pennsylvania has on the market for strawberries in the United States by shifting either the demand curve, the supply curve, or both. Market for Strawberries in the United States 10 Supply Demand 8 7 6 Supply 4 3 Demand 2 1 50 100 150 200 250 300 350 400 450 500 QUANTITY (Millions of pounds of strawberries) Based on the graph for the market for strawberries in the United States, the good season has caused the price of strawberries in the United States to PRICE (Dollars per pound)

Over the past 20 years, the average price of avocados has more than doubled. Assume that the price of avocados is determined by the forces of supply and demand.  Using concepts that you have learned about supply and demand, explain whether the following is or is not a cause of the increase in price of avocado.   Restrictions on imports of avocados from Mexico were gradually lifted. Improved production methods allowed for slower ripening of avocados and therefore more avocados can be reliably shipped. Mexican food, which regularly features avocados, has become more popular.

The following is an excerpt from an article in the Singaporean newspaper, the Straits Times: Singaporeans with a sweet tooth could soon find themselves paying more for their favourite treats, as bakers and confectioners buckle under soaring sugar prices. Since March last year, the price of white sugar has shot up by 70 per cent, according to the New York Board of Trade. As if that didn’t make life difficult enough for bakers, butter and cheese prices have also risen, by 31 per cent and 17 per cent respectively. The increases have been caused by various factors: a steep drop in Thailand’s sugarcane production due to drought, higher sea freight charges, increasing demand from China’s consumers for dairy products and the strong Australian and New Zealand dollar. For the consumer in Singapore, what this may eventually boil down to is a more expensive bag of cookies, with prices at some bakeries expected to rise between 10 and 20 per cent. [The owner of a Singapore…

Show the effect of the following events on the market for chicken:  The price of chicken increases. There is an outbreak of New Castle disease.

Identify ALL the factors that can shift a supply curve? and Explain briefly how each factor impacts the respective supply curve?