ECW1101: Introductory Microeconomics Essay, MUM, Malaysia Explain why the world price of palm oil increases as the result of the impact of Russia-Ukraine conflict
| 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
Seeking Expert Essay Writing Assistance at Monash University Malaysia (MUM)? Look no further! Assignment Helper MY is your one-stop solution for top-notch ECW1101 essays. Elevate your academic journey with expert assistance in various subjects including TMA, individual assignments, and English Language Proficiency Essays. Our professional writers provide exceptional assignment help in Malaysia, ensuring insightful and well-crafted papers. Excelling in introductory microeconomics has never been easier! Trust Assignment Helper MY for a comprehensive and plagiarism-free approach to your academic success.
Recent Solved Questions
- Renal Nursing Assignment, MU, Malaysia Discuss the contributing factors to non-adherence to treatment and dietary restrictions among ESKD patients
- BBPW3203: Choose any TWO companies listed in the consumer products and services sector of the Main Market: Financial Management II Assignment, OUM, Malaysia
- LAW416: Business Law Assignment, UiTM, Malaysia Azmir Shane the original owner of a white BMW entrusted his car to a mechanic named, Andy Danial for repairs
- LAW 3711: Equity & Trusts II Assignment, IIUM, Malaysia Mee Lan left RM 3000 for the maintenance of aged and poor people at Gunung Ledang
- Business Assignment, TU, Malaysia Select TWO foreign cultures, one from the East and one from the West of the world. Compare and evaluate the differences between
- Business and Commercial Awareness Assignment, Malaysia
- Problem Solving and Programming Assignment, UM, Malaysia Write a C++ program that obtains the following values from the user: An integer number A floating point number A string value
- Given the following conditional value table, determine the appropriate decision under uncertainty using: Optimization Technique Assignment, UMP, Malaysia
- LAW498: Law of Torts II Assignment, UiTM, Malaysia Miza owns a house in the middle of a heavily agricultural area in Kampung Permatang. She lives with her husband
- PBS3233: International Business Assignment, KPTM, Malaysia The economic system in the world refers to the way in which countries organize their economies to allocate
