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.
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.
Chapter1: Making Economics Decisions
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The “A” index is a proxy for the world
On the following graph, shift the supply curve to show what may have caused the increase in the price of cotton.
Transcribed Image Text:2. Individual Problems 8-2
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.
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