https://padlet.com/kaydonsza/7257qzfi4g36 Kaydon, Delfiendy, Shahid, Max en-us 2016-06-27 02:34:10 UTC 2024-10-31 15:29:28 UTC hello@padlet.com kaydonsza https://padlet.com/kaydonsza/7257qzfi4g36/wish/115477641 For Reference]]> 2016-06-27 03:08:04 UTC https://padlet.com/kaydonsza/7257qzfi4g36/wish/115477641 kaydonsza https://padlet.com/kaydonsza/7257qzfi4g36/wish/115478328 - Scarcity
- Demand
- Supply
- Elasticity
- Market Structure]]> 2016-06-27 03:22:59 UTC https://padlet.com/kaydonsza/7257qzfi4g36/wish/115478328 https://padlet.com/kaydonsza/7257qzfi4g36/wish/117281471 - Law of Supply
The producers are unable to sell a greater amount of sugar or even meet the demand of sugars of the consumers in India despite the increase in price.

-Determinants of Supply
1. Factor or resource price
-increasing factor or resource price leads to the increase in cost of production.
2. Technology
-As the supply of sugar is expected to decrease, technology is needed in order to supply more to meet the demand. 
3. Price of related goods
-There are a few number of substitute for sugar such as honey and maple syrup but sugar is one of the cheapest among them. 
4. Expectations of producers
-The producers expect the price of sugar to rise in the future.
5. Number of sellers in the market. 
-The competition of sugar price between sellers will be high as there is a huge number of sellers for sugar in the India market.]]> 2016-08-01 06:23:10 UTC https://padlet.com/kaydonsza/7257qzfi4g36/wish/117281471 kaydonsza https://padlet.com/kaydonsza/7257qzfi4g36/wish/117281740 http://indianexpress.com/article/india/india-news-india/demand-supply-gap-to-push-sugar-prices-up-next-year-sharad-pawar-2940680/]]> 2016-08-01 06:30:36 UTC https://padlet.com/kaydonsza/7257qzfi4g36/wish/117281740 kaydonsza https://padlet.com/kaydonsza/7257qzfi4g36/wish/117281903 Sugar, as an agriculture, is under the perfect competition market structure with many competitors.
1. Homogeneous Product
2. Freedom of Entry and Exit
3. Perfect Knowledge
4. "Price Takers"


]]> 2016-08-01 06:33:30 UTC https://padlet.com/kaydonsza/7257qzfi4g36/wish/117281903 kaydonsza https://padlet.com/kaydonsza/7257qzfi4g36/wish/117300171 Wants for sugar are unlimited, which are increasing in this case, but resources to make those goods are limited, due to the low cane productivity and cyclic nature of the crop.]]> 2016-08-01 14:39:46 UTC https://padlet.com/kaydonsza/7257qzfi4g36/wish/117300171 kaydonsza https://padlet.com/kaydonsza/7257qzfi4g36/wish/117360039 price inelastic as consumers are not very responsive to the price change ]]> 2016-08-02 08:25:55 UTC https://padlet.com/kaydonsza/7257qzfi4g36/wish/117360039 muhdhidayat1997 https://padlet.com/kaydonsza/7257qzfi4g36/wish/117361038 -Determinants of demand
1. Money Income
- Increase in the price of sugar, due to the increase in demand
2. Price of related goods
- Substitutes like honey and maple syrup may not be able to fully take the place of sugar.
3. Taste and Preference
- Different tastes and preferences where they may not prefer honey and maple syrup
4. Expectation of consumers
- With the expected increase in the price of sugar, the consumers will expect the price to increase
5. Number of buyers
- As there is an increase in the demand, there is also an increase in the number if buyers]]> 2016-08-02 09:00:15 UTC https://padlet.com/kaydonsza/7257qzfi4g36/wish/117361038