Determinants of demand and supply on population.
Nowadays
population in our country has increase especially in Sabah.Sabah shows increase
in 285% from 1970 until 2000.While Sarawak increase to 106% and Peninsular
Malaysia increase to 113%.This is shown on graph below.
When
population in our country increase,the general demand for sugars will
increase.Therefore,the demand curve will shift to the right.
The
graph shown that the price of sugar is being constant.The demand curve (D) is a
quantity demand of sugar in year 1970.While demand curve (D1) is a quantity
demand of sugar in year 2000.It show an increase in quantity demanded of
sugar.Therefore the demand curve will shift to the right from (D) to (D1).
An increase in a population in our country will also effect on quantity supplied of sugar.When population increase,quantity supplied of sugar in our country also will increase.Therefore,the supply curve will shift to the right.
The
show that the price of sugar is constant.The supply curve (S1) is a quantity
supplied of sugar in year 1970.While supply curve (S2) is a quantity supplied
of sugar in year 2000.It show an increase in quantity suppliedof sugar from
(S1) to (S2).Therefore,the supply curve will shift to the left.
-Hareez
What other examples of product besides sugar may affect the demand and supply curve ? In a larger scale
ReplyDeletethere are lots of example besides of sugar such as petrol,rice,flour and vegetables.But the largest one is petrol.
ReplyDeletewill the sugar percentage increase higher in the future ?
ReplyDeleteIt depend on situation such as if supply of sugar in our country is decrease,government will increase the price of sugar.
ReplyDeleteWell done!! I learnt about demand and supply from this article!! Especially the graphs are awesome!!
ReplyDeleteDo any other factors that influence the demand of sugar in Malaysia?
Louis*