Changes to Supply, Quantity Supplied, Demand, and Quantity Demanded

 

Using the table, for each line item and its associated column, describe how the market for each specific product will be affected by the associated event indicating whether it will rise, fall, or no change. For example, in the first line item for the market of corn, based upon the event of a severe drought, the price will either rise or fall or no change, demand curve will shift left (fall) or right (rise) or no change, supply curve will shift left (fall) or shift right (rise) or no change, quantity demanded will rise, fall, or no change, and quantity supplied will either rise, fall, or no change.

Event Market for: Price Demand Curve Supply Curve Quantity Demanded Quantity Supplied
A severe drought hits the Midwest corn growers Corn
The U.S. government reduces taxes on imported lumber New Home Building
The federal government raises the minimum wage from $7.25 per hour to $11.00 per hour Minimum wage jobs
Technology improves for automobile assembly Autos

 

Sample Solution

s regarding environmental issues as a threat but this do by a referent object in a specific social, political, linguistic structure. (Stritzel, 2007) The vague conceptualisation of the specific referent object as mentioned by the Copenhagen School – need the post-structural position created by the second generation of securitisation scholars where they stress the importance of the role the audience play along with setting the socio-political environment. (Salter, 2008) The purpose of this essay was to assess critically the strengths and weaknesses of the securitisation theory. After discussing the concept of the securitisation theory as conceptualised by the Copenhagen School, the essay went on to discuss how the theory was developed by second generation of securitization scholars by focusing on “what conditions the social content and meaning of security produced threats.” (Balzacq, 2010) The essay then went on to discuss the stance the Aberystwyth School had on the voice of the audience and finally, the idea of environmental securitisation was discussed. It can be argued that security may not be a negative practice, which as discussed above involves the use of hard power but instead the emancipation from the “relative objectivism” affecting both traditional stance on security and the Copenhagen School work. Therefore, it can be said that the concept of security can be revised to provide a unified position on security. In regard to the securitisation of environmental degradation, environmental issues can be tackled rather than those issues being exploited politically. This essay has provided a range of strength and weaknesses to the Securitisation theory.

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