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Supply and demand in action – are the Aussies going off beer?

Jim Riley

28th November 2011

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Here is a good example of supply and demand in action from Australia where despite having a reputation as beer lovers, demand for the drink has slumped to a 60 year low. I am going to ask my class to discuss what the cause of this could be and draw a diagram to show how it might affect prices of beer.

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Jim Riley

Jim co-founded tutor2u alongside his twin brother Geoff! Jim is a well-known Business writer and presenter as well as being one of the UK's leading educational technology entrepreneurs.

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