Managerial Economics University of Malaya. Group 5 The Presenters: - Norhanisah Himah Mufarizal.

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Presentation transcript:

Managerial Economics University of Malaya

Group 5 The Presenters: - Norhanisah Himah Mufarizal

Quantity Supplied of Paddy and Supply of Paddy

Top Rice/ Paddy Producers In the World 1. China – 28.8% of global rice harvest 2. India – 21.6% 3. Indonesia – 8.6% 4. Bangladesh – 6.9% 5. Vietnam – 5.7%

The difference between: - The Quantity Supplied of PaddyThe Supply of Paddy Changes in price of paddy will cause changes in the quantity supplied for paddy Movements along the supply curve Changes in non-price determinants will cause changes in the supply such as technology, prices of substitutes products, Government Interference, number of producers & weather condition Shifts in supply curve

What could cause a RISE in: - The Quantity Supplied of Paddy (a) Price The Supply of Paddy (a) Technology (b) Prices of other goods/ substitute products (c) Government Interference (d) Number of Producers