How a natural disaster affects supply and demand in a market
Not what you're looking for?
Suppose you are asked to do a market analysis in an area in which a natural disaster has recently occurred. For example, Nashville after the Spring floods or New Orleans after Hurricane Katrina.
Other than building supplies, choose a market for a good or service that will be affected. Will demand or supply be affected? What happens to equilibrium prices and output in this market?
Purchase this Solution
Solution Summary
An example of how supply and demand for restaurant meals will be affected by a natural disaster.
Solution Preview
A market that will be affected in an area hit by a disaster is restaurant meals. People in the affected area will want to buy their food quickly and cheaply at supermarkets, not sit down for a slow, expensive ...
Purchase this Solution
Free BrainMass Quizzes
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.