by Simon Ng | Jul 18, 2017 | Economics Tuition, Elasticity of Demand and Supply, Microeconomics, Microeconomics CSQs, Theory of Demand and Supply |
In the recent months, the price of durian in Singapore has increased. Generally, the durians are imported from Malaysian farmers. However, there has been a growing trend of Malaysian suppliers exporting durians to China. Hail the king of all fruits Mao Shan Wang (also...
by Simon Ng | Jul 3, 2015 | Economics Tuition, Elasticity of Demand and Supply, JC Economics Essays, Microeconomics, Theory of Demand and Supply |
2010 marked a trying time for the airline business. The eruption of the Icelandic volcano caused cancellations of 95,000 flights over Europe. One week later, the BP oil well exploded in the Gulf of Mexico, resulting in the worst oil spill in US history. Using economic...
by Simon Ng | Jun 29, 2014 | Economics Tuition, JC Economics Essays, Microeconomics, Theory of Demand and Supply |
The Urban Redevelopment Authority (URA) announced that prices of private residential properties in Singapore rose by 1.3% in the third quarter of 2011, but the rise in the prices has been slowing for eight consecutive quarters. At the same time, it reported that the...
by Simon Ng | Jun 29, 2014 | Economics Tuition, JC Economics Essays, Microeconomics, Theory of Demand and Supply |
Introduction Impact on the aviation industry in terms of input on market equilibrium – how price and output will change – affected by changes in demand and supply due to the above events Main Body 1. Explain how the above events affect the demand and supply in the...
