ECW1101: Explain why the world price of palm oil increases as the result of the impact of Russia-Ukraine conflict: Introductory microeconomics Essay, MUM, Malaysia
| University | Monash University Malaysia (MUM) |
| Subject | ECW1101: Introductory Microeconomics |
a. Explain why the world price of palm oil increases as the result of the impact of Russia-Ukraine conflict by analyzing the world market of palm oil. (Hint: In this part, you consider the whole world as a market). Illustrate your analysis with a diagram of the world market.
b. Assume Indonesia participates in free trade and is a price taker in the world
market. Analyse the effect of an increase in the world price of palm oil on the domestic market in Indonesia. Who gains and who loses from the increase of the world price of palm oil? Illustrate your analysis with a diagram.
c. Given the situation in part (b), the Indonesian government decided to impose
price control and provide subsidies to ensure supply. What kind of price control was introduced? Discuss the effect of price control in theory and in reality. Analyze how the price control and subsidy can improve the situation when the government banned the export. Illustrate your analysis with a diagram
Get Solution of this Assessment. Hire Experts to solve this assignment for you Before Deadline.
Get Help By Expert
If you struggle to complete your ECW1101: Introductory Microeconomics essay task? then request us to write my essay Malaysia service on economics subjects. our professional essay writers are highly talented to offer ECO162 Microeconomics Assignment Sample, DQS156 Principles Of Economics Assignment Sample for expert guidance.
Recent Solved Questions
- UBML2013: Select any one current news report from Star Online that is relevant to any topic from Topic 5 to Topic 8: Company Law Report, UTAR, Malaysia
- LEA4173: Identify a topic or research area of interest in designing any software that can be used to solve users’ problems: Academic Research Assignment, SU, Malaysia
- Mr. Aamir is a 45-year-old physiotherapist who has had a history of occasional stiffness and pain in the lower back region for the past 3 years: Physiotherapy Practice in Musculoskeletal Assignment, MU, Malaysia
- CBGD3103: The purpose of this assignment is to enhance students’ knowledge in graphics design and apply the acquired knowledge: Graphic Design Assignment, OUM, Malaysia
- FA113: The following is the list of transactions for the month of January 2020 for Comfort Furniture a small furniture retailer: Financial Accounting 1 Assignment, RCC, Malaysia
- Covid-19 Pandemic and Challenges faced in Hotel Industry in Malaysia : Hospitality & Hotel Management Report, SU, Malaysia
- Write an essay on how an aircraft electrical distribution system power up essential aircraft systems: Aircraft Electrical Essay, GFA, Malaysia
- Show an excellent description and discussion of issues and material with evidence of critical evaluation of issues and material: Advanced Financial Management Assignment, UUM, Malaysia
- BSL305 :In order to obtain the funds necessary to expand its business, Capital Ltd will undertake a $12M capital raising: Company Law Assignment, MU, Malaysia
- You are Working as a Counselor at Gleneagles Hospital Kuala Lumpur In the Recent Management Meeting: English for occupational purpose Report, UTHM, Malaysia
