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While this bad national farming of cabbage has reduced the supply, it could still increase the producers of kimchi's total revenue.

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The demand of cabbage in Korea could become more inelastic because of the scarcity and the lack of substitutes that can the cabbage ingredient of kimchi.

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As we read the article, throw questions and connections into this Padlet board. Show me what your are thinking. GO PANTHERS

https://www.theguardian.com/world/2020/oct/22/crisis-fermenting-as-cabbage-shortage-hits-south-koreas-kimchi-culture?CMP=Share_iOSApp_Other

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Kimchi is a primary commodities therefore there are few to no substitues

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As The Kimchi is distributed worldwide, there is an alternative supply that want to gain their cost as the demand is higher

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Cause and Effect of Kimchi shortage on Korean Economy

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Cause and Effect of Kimchi shortage on Korean Economy

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As typons and droughts have caused a shortage in cabbage, the korean food market must be tanking in sales as the demand sores during this time or year but the supply is shortened significantly.

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Because cabbages are in shortage, many people can choose to make kimchi with other things (such as other vegie) and that make those vegie substitute product

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There are multiple ingredients certain people use which affects the businesses who increased price

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Cabbage is a commodity
The shortage in cabbage causes total revenue for producers to increase due to increase in quantity demanded but higher prices

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the market of exports and trades of cabbage in china will have a relatively large increase in quantity demanded as more people enter the market, leading to an outward shift of demand

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Complementary goods like the kimchi fridge might have a decrease in demand.

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The increase in demand for kimchi will lead to an increase in supply as the firms will ned to match the consumer's demand.

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As Kimchi is a necessity for Koreans, its demand is inelastic - therefore, people will still find ways to make it regardless of whether the price of cabbage increases.

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Kimchi is a primary commodity, its price is volatile depending on the supply.

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Demand curve of kimchi shift leftward because of the shortage of cabbage

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A lot of Koreans tend to make their own kimchi, and the substitutes like the ingredients for Kimchi are bought directly because of the increase in the price of Kimchi.

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Because cabbage is a primary commodity, its demand is inelastic. Even with a price increase, consumers will still buy it.

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"The shortage, which has seen prices rise by up to 60" – To what extend will this rise in prices contribute to a contraction to quantity demanded?

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Kimchi being a cultural food for Koreans may mean that the elasticity of the food could be lower

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a significant complement as it's integrated in almost every meal. This could mean that the price of meals containing kimchi in general might increase all together

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Since Kimchi is a staple in many Korean households and is eaten with almost every dish, it makes the demand of kimchi price inelastic

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There is a shortage for kimchi as people eat kimchi for every meal causing an excess in demand.

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Due to weather, there has been a shortage of cabbage to make kimchi, a non price determinant of demand, shifting the demand curve inwards(leftward).