Archive for Demand and Supply

Elasticity Concepts Sample Essay

Elasticity Concepts Sample Essay

  Explain the factors that determine the price elasticity of demand, income elasticity of demand and cross elasticity of demand for a good. [10]   The Price Elasticity of Demand (PED) refers to the degree of responsiveness of the quantity demanded of a good to…

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Demand and Supply Sample Essay

Demand and Supply Sample Essay

Poor harvest and continued income growth have contributed to the significant increase in the price of durians in Singapore. Explain why poor harvest and continued income growth may have contributed to the sharp increase in the price of durian. [10]   The sharp increase in the…

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Demand and Supply in Singapore – Property Prices Part II

Demand and Supply in Singapore – Property Prices Part II

  Previously, we shared about the rising property price in Singapore from from 2008 till end of 2013 using economics theory : Demand and Supply and how is it applicable in Singapore. Today, we will be sharing about the plunging property prices using the same analogy!  …

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Demand and Supply in Singapore – Property Prices Part I

Demand and Supply in Singapore – Property Prices Part I

  “The property price is rising faster than rocket?!”   So what exactly causes property prices in Singapore to rise and fall? And you will be surprised (or not so surprised), it is determined solely by the Demand and Supply of Singapore Properties!   In…

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Demand and Supply in Singapore – Yes I Do

Demand and Supply in Singapore – Yes I Do

Do you know that the three most expensive words in Singapore is ” Yes I Do”? According to a recent Straits Times article, cost of marriage has risen sharply. For a weekday wedding package wedding dinner package for a table of 10 in a 5…

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Why do Cybercafes in China Lose Money?

Why do Cybercafes in China Lose Money?

Do you know why despite a huge 1.3 billion population, cybercafes in China struggle to stay afloat? Is China Cybercafe losing money fast? And do you know there are some Economics Principles behind this phenomenon? For those that do not know what is a cybercafe,…

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