MIEC Group Project TA25 Group 3 by https://padlet.com/s10180864/s3tnijawohuj Siow Pei, Hestia, Christine, Teng Teng en-us 2017-05-17 19:45:23 UTC 2023-05-11 08:59:27 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Alarmclock.png Concepts that are applicable to our topic s10180864 https://padlet.com/s10180864/s3tnijawohuj/wish/172433525 -Demand and Supply
-Ed and Ey]]> 2017-05-17 19:50:59 UTC https://padlet.com/s10180864/s3tnijawohuj/wish/172433525 MIEC Project Brief s10180864 https://padlet.com/s10180864/s3tnijawohuj/wish/172433849 2017-05-17 19:53:16 UTC https://padlet.com/s10180864/s3tnijawohuj/wish/172433849 Electricity tariffs s10179912 https://padlet.com/s10180864/s3tnijawohuj/wish/178064156 Increase in electricity tariffs]]> 2017-07-05 00:20:06 UTC https://padlet.com/s10180864/s3tnijawohuj/wish/178064156 s10179675 https://padlet.com/s10180864/s3tnijawohuj/wish/178064170 2017-07-05 00:20:22 UTC https://padlet.com/s10180864/s3tnijawohuj/wish/178064170 s10179675 https://padlet.com/s10180864/s3tnijawohuj/wish/178064468 2017-07-05 00:24:35 UTC https://padlet.com/s10180864/s3tnijawohuj/wish/178064468 s10180864 https://padlet.com/s10180864/s3tnijawohuj/wish/178064996 2017-07-05 00:33:28 UTC https://padlet.com/s10180864/s3tnijawohuj/wish/178064996 s10181812 https://padlet.com/s10180864/s3tnijawohuj/wish/178065080 2017-07-05 00:35:46 UTC https://padlet.com/s10180864/s3tnijawohuj/wish/178065080 Electricity Tariff in Singapore s10179912 https://padlet.com/s10180864/s3tnijawohuj/wish/178065081 2017-07-05 00:35:47 UTC https://padlet.com/s10180864/s3tnijawohuj/wish/178065081 Demand for electricity in Singapore s10179912 https://padlet.com/s10180864/s3tnijawohuj/wish/178065199 The demand for electricity in Singapore is inelastic. This is because electricity is a necessity for households and industries in Singapore.]]> 2017-07-05 00:37:57 UTC https://padlet.com/s10180864/s3tnijawohuj/wish/178065199 s10181812 https://padlet.com/s10180864/s3tnijawohuj/wish/178065251 2017-07-05 00:39:36 UTC https://padlet.com/s10180864/s3tnijawohuj/wish/178065251 Supply of electricity s10180864 https://padlet.com/s10180864/s3tnijawohuj/wish/178065440 The determinant of supply is resource price. The price of electricity increases due to the increase in price of natural gas for electricity generation. Since the price of electricity increases, this causes movement along the quantity demand. Quantity demand curve moves up.]]> 2017-07-05 00:41:52 UTC https://padlet.com/s10180864/s3tnijawohuj/wish/178065440 The price of electricity increases, consumer will use alternative energy source such as solar energy. This will cause the demand of solar energy increase. The determinant is price of related goods. s10181812 https://padlet.com/s10180864/s3tnijawohuj/wish/178065706 2017-07-05 00:46:43 UTC https://padlet.com/s10180864/s3tnijawohuj/wish/178065706 Our Topic: s10180864 https://padlet.com/s10180864/s3tnijawohuj/wish/178086038 Electricity]]> 2017-07-05 07:56:08 UTC https://padlet.com/s10180864/s3tnijawohuj/wish/178086038