Purchase Solution

Impact of disaster on price of products

Not what you're looking for?

Ask Custom Question

Please help with the following problem.

Say there is a natural disaster, which wipes out all of the tomato plantation of one country. Therefore, there is a drastic rise in the price say from $6 to $15 a kilo. How has the disaster caused such a drastic price rise in the short-run and how will the outcome be different in the end. How would I show this in an economic model?

Purchase this Solution
Solution Summary

This solution helps with a problem regarding the impact of disaster on the price of products. The solution helps with developing an economic model to illustrate this.

Solution Preview

Please see the attachment.

Question:

Say there is a natural disaster, which wipes out all of the tomato plantation of one country. Therefore, there is a drastic rise in the price say from $6 to $15 a kilo. How has the disaster caused such a drastic price rise in the short-run and how will the outcome be different in the end. How would i show this in an economic model?

Solution:

How has the disaster caused such a drastic price rise in the ...

Solution provided by:
Edwin Sinclar, MBA
Education
  • MBA, Aspen University
  • Bachelor of Science , Berea College
Recent Feedback
  • "Thank u"
  • "Thank You!"
  • "Thanks!"
  • "Thank you so much"
  • "Great job...thanks."
Purchase this Solution
Free BrainMass Quizzes
Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

View More Free Quizzes
Related BrainMass Solutions

  • Economic Shock of Hurricane Katrina

    The nominal value of private construction spending has contracted at an annual rate of 1.5% in the three months ended July. Effect of Katrina on equilibrium price level Katrina's immediate impact was an increase in the average price levels.

  • Disaster Recovery Solutions

    In conclusion, I would like to state that while a number of companies provide products and services for computer forensics, I felt the products and services of these two companies stand out, as they are quite vital to the process backup and disaster recovery

  • Based on what you have learned, in what situations would you advise a high cost for disaster recovery infrastructure?

    Every application has a different impact on the company's bottom line the longer it is unavailable. Back up and restore policies also depend on the different impacts applications have on E-business service.

  • Valdez

    Who's Plans where they and did they have an impact on the disaster. Please include references. There was insufficient and inadequate disaster plan in place prior to the disaster.

  • Public Health and Disasters

    Question--Do you believe that there is not enough emphasis on the public health impact of disasters in the planning for disaster and emergency management in the United States?

  • Disaster Planning Explanations

    The impact of the 2010 tsunami could have been minimized had there been better communication with the public regarding what was going on and what relief efforts were on the way.

  • Monitoring Our Home Planet

    The earthquake is followed by outbreaks of infectious diseases, lack of basic necessities, and high claims on insurance companies (2). The potential impact of tsunamis is very large.

  • Disaster Mitigation: Reasons

    The community should invest in disaster mitigation measures to reduce the impact of tornadoes. The tornadoes have a negative impact on the people who are affected and disaster mitigation is required to reduce the impact of tornadoes.

  • Effect of an event on the U.S. economy

    558008 Effect of an event on the U.S. economy Give an example of an event or incident that has taken place in the U.S. economy which has a major economic impact--be specific, e.g., 9/11 attack, natural disaster, rise or fall in oil prices due to OPEC

View More Related Solutions