What I know
|
What I want to know
|
What I’ve learn
|
|
Shi
yi
|
Understanding of demand and supply
curves and the factors that are involved
|
How do I apply the concepts of the
demand and supply into case studies in terms of the drawing of the curves,
mainly simultaneous shift.
|
Understanding that different factors
affect the demand supply curves, and for case studies, we need to grasp the
factors involved to roughly know the outline of what we will have to write
|
Wei
Yuan
|
Its correlated and dependent on each other as both will
affect the other.
I know the non-determinant price factors that determine
the curve of the demand (EGYPT POP) and supply (WET PIGS)
|
The tough part is the drawing and explaining the demand
and supply curve as there are many things to explain such as price adjustment
process and the change, shift of the graph and how it will turn into data
form
|
I have learn how to use the demand and supply curve to
further explain in detail of the shift and change in demand and supply
|
Shun
yong
|
Demand quantity is the quantity that
is demanded by the consumers. The supply quantity is the quantity that is
produced by suppliers
|
I’m still not clear about the
equilibrium prices.
|
I learnt that the supply quantity
must be planned accurately if not there will be a shortage or surplus of
quantity.
|
Yuan
Yan
|
Demand/ supply decrease, curve move to the left. If increase,
it shift to the right.
Can happen simultaneously
The increase/decrease of demand and supply curve won’t be
to the same extent
|
Drawing and explaining the simultaneous shift in demand
and supply curve/ price adjustment process
|
The consequences of an increase/decrease in demand/supply
|
Noor
arfa
|
-
Demand is always
related to consumers.
-
Supply always
related to suppliers/producers
-
The non-determinant
price factors that affects demand/supply curve
|
-
How to translate essay question to
become a demand/supply graph
-
Still not sure about the market equilibrium
prices and how to see shortage or surplus
|
-
The technique of using concept maps
-
The drawing of different curves
after shifting due to the factors affecting the curve
-
|
Thursday, 8 May 2014
May Reflection
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