Economics HL Micro IA (May 2019)View yonseiboi's Full Store
연세대학교, NYUAD, HKU, HKUST, McGill, UoT, UBC에 모두 합격했습니다. May 2019시험을 친 후 현재 연세대학교 재학중이며…
본 문서는 2019 Microeconomics IA입니다. 7 받은 Internal Assessment이며 주제가 독특해서 선생님께 좋은 평가를 받았습니다.
Microeconomics Internal Assessment <750>
The Portuguese Government has been attempting to plant more cork oak trees by expanding the original forest area of 700,000 hectares to 750,000 hectares through supporting Corticeira Amorim, the world’s biggest exporter of cork products. This is to increase the cork production, as the demand of the cork stoppers has increased along with the demand of wine.
Wines and its stoppers are complementary goods and as wines’ demand increase, the stoppers’ demand will also increase. Although cork stoppers have been dominating the industry, its demand has decreased since cheaper plastic stoppers were introduced to the market as its substitute. However, the demand for cork stoppers has been increasing since 2010 as the consumers believe that they “offer more quality and a more traditional and positive experience for them.”
Although the demand has skyrocketed, the supply of the corks has not reached the new equilibrium yet. To benefit from the increasing demand in the wine business, the Portuguese Government is planning to expand the forest area by 50,000 hectares and increasing the density of oak tree plantation from 70 trees per hectare to about 300 trees per hectare…
- 총 페이지수: 8 pages
- 과목: Economics
- 주제: Microeconomics IA
- The file is in PDF format.
Economics HL Micro IA (May 2019)