PLEASE MAKE A SUPPLY AND DEMAND GRAPH BASED ON THIS EXPLAINATION The high demand for onions in the Philippines combined with low supply has led to an increase in prices. The average monthly demand for onions in the country is around 17,000 metric tons but the current supply is not enough to meet the demand. This has resulted in a shift in the demand curve to the right and the supply curve to the left, causing the market equilibrium to move from point E to point F, resulting in an increase in both price and quantity. Reason of the shift: The price increase of onions in the Philippines can be attributed to several factors, including global inflation, failure of the agriculture department to make accurate supply projections, possible internal price manipulation, and a shortage of supply due to smuggling.
PLEASE MAKE A
The high demand for onions in the Philippines combined with low supply has led to an increase in prices. The average monthly demand for onions in the country is around 17,000 metric tons but the current supply is not enough to meet the demand. This has resulted in a shift in the demand curve to the right and the supply curve to the left, causing the
Reason of the shift: The price increase of onions in the Philippines can be attributed to several factors, including global inflation, failure of the agriculture department to make accurate supply projections, possible internal price manipulation, and a shortage of supply due to smuggling.
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