Sea transport is derived. (a) Explain how each of the following factors affects the demand for sea transport. (i) Political factors (ii) World economy (iii) Seaborne commodity trade (iv) Transport costs (b) Discuss four main factors driving the supply of shipping tonnage
Sea transport is derived. (a) Explain how each of the following factors affects the demand for sea transport. (i) Political factors (ii) World economy (iii) Seaborne commodity trade (iv) Transport costs (b) Discuss four main factors driving the supply of shipping tonnage
Survey of Economics (MindTap Course List)
9th Edition
ISBN:9781305260948
Author:Irvin B. Tucker
Publisher:Irvin B. Tucker
Chapter4: Markets In Action
Section4.2: Can The Laws Of Supply And Demand Be Repealed?
Problem 2YTE
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Sea transport is derived.
(a) Explain how each of the following factors affects the demand for sea transport.
(i) Political factors
(ii) World economy
(iii) Seaborne commodity trade
(iv) Transport costs
(b) Discuss four main factors driving the supply of shipping tonnage
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