Please show, using a diagram with explanation, the effect on the UK market for t-shirts of a flood in Bangladesh, a leading cotton growing nation.

Student should realise that the flood will reduce global supply of cotton, causing the supply curve on the diagram to shift left. The market equilibrium will therefore move along the demand curve until the point of intersection with the new supply curve. This will be at a higher equilibrium price and smaller equilibrium output.

Answered by Marshall M. Economics tutor

1620 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

What is the difference between the short run and long run?


What is a liquidity trap?


What is the difference between the long run and short run Phillips curves?


What is productive efficiency?


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences