tutor2u GCSE Economics Blog

Tracker Pixel for Entry

Supply and demand in action – the Year of the Rabbit

Thursday, January 27, 2011
Print Tweet This!Save to Favorites
Recommend on Google+

As man who dearly loved his childhood pet guinea pig, Fluffy, I was delighted to see that demand for rabbits has shot through the roof in China. They have become so popular that many workers are buying them for their superiors as New Year gifts! This is all down to 2011 being the Year of the Rabbit which is yet another great example of how factors other than price can affect demand for products.

image


blog comments powered by Disqus


Tags

activity, advertising, affordability, alistair darling, anti-competitive behaviour, anti-dumping, apple, appreciation, aqa gcse economics, articles, asia, balance of payments, balance of trade, bank of england, banks, basic economic problem, basket of goods, beat the teacher, benefits, bidet, birthrate, borrowing, budget, budget deficit, budget surplus, business growth, business objectives, capacity, capital, car industry, car manufacturing, cash cow, china, chocolate, christmas trees, class task, cocoa, competition, competition commission, competition in action, competitive markets, complements, conditions of supply, confidence, congestion, conspicuous consumption, construction, consumer confidence, consumer spending, consumers, cost of living, costs, costs of production, costs, revenues and profits, cpi, credit crunch, cross price elasticity of demand, currency, data, data response, debt, deficit, delicious data, demand, demand and supply, demand and supply in action, demand for labour, demerit good, demerit goods, depreciation, derived demand, diagram, diagrams, diseconomies of scale, dollar, double dip, double-dip, downturn, easyjet, economic growth, economic gw, economic policies, economics, economies of scale, economy, elasticity, elasticity of supply, employment, end of term activity, enterprise, eu, euro, eurozone, exam advice, exam help, exam practice, exam style questions, exam technique, excess demand, exchange rate,
All tags for the GCSE Economics Blog
Blog RSS feed Blog RSS Feed

Latest entries

Categories