Asia+technology+comes+clean+to+provide+green+solutions

Date of extract: 9 May 2011 Link: http://www.bbc.co.uk/news/uk-13329902

Explanation: The quantity supplied for strawberries in England has increased a 150% due to the change in weather - spring. This allowed them to be able to cut foreign imports by almost 50% as they already have their own production of strawberries, and possibly even of a better taste. On the other hand, as these strawberries are claimed to be much sweeter and juicer than normal, it will meet the consumers' taste and hence, the quantity demanded for strawberries will potentially increase too. In addition, the supplier feels that there will be an enough quantity supplied of strawberries even till by the time of the Wimbledon Championships.

Definitions: Quantity supplied- the amount of good or services that a producer is willing and able to provide at a given price Quantity demanded- the amount of good or services that a consumer is willing and able to buy at a given price Taste: what products consumers like Imports: bringing goods or services in from another country Surplus: when quantity supplied is greater than quantity demanded Shortage: when quantity demanded is greater than quantity supplied

Graphs:



Evaluation: I agree with what the strawberry supplier did by cutting foreign imports as they are able to prevent having surplus due to the huge quantity of strawberries they are able to supply. On the other hand, as imported products cost more than local products, by supplying their own local products to supermarkets instead of importing foreign strawberries, the consumers will be able to purchase sweeter and juicer strawberries at a price that will be cheaper then imported strawberries. This will also help increase quantity demanded. However, there might be a shortage if quantity demanded continues to increase. So, the supplier should be aware of regulating the prices of strawberries and also controlling the quantity supplied of strawberries to also meet the expectations that it will still be available during the Wimbledon Championships. Additionally, I feel that it is not right for the supplier to make an assumption to be certain that the quantity supplied of strawberries will be able to continue to October. The weather can be very unpredictable and also, there might be natural disasters like flood or so on, that might cause a huge decrease in quantity of strawberries. So the supplier should try to take precautions like making sure that if something would to happen, he will still be able to provide an adequate amount of strawberries to the supermarkets, or ways that he can back up the loss of strawberries. As for the Wimbledon Championships event coming up, I would suggest the supplier to save an amount of strawberries that he can supply during the event, so even if something happens, he would still be able to meet his goal.