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Wednesday, 6 October 2010

The Spalding Pumkin Patch

http://www.bbc.co.uk/news/uk-11450538

The market for pumkins in the UK grown as the UK.

a. What factosr have affected the demand for Pumkins? Explain each.
b. What would happen to the market for Pumkins if the juice from pumkins was found to have magical properties? Explain the short term and long term effects. be precise about what the ST and the LT is for this market.
c. What might happen to suppliers of pumkins in the future if these properties were found to be a hoax?

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