Economics Case Studies, Economic Crisis Case Studies

Code :ECC0060

Year : 2020

Industry :-

Region : India

Teaching Note:Available

Structured Assignment : Not Available

Abstract:

A normal demand curve shows a definite inverse relationship between the market price of a product and the quantity demanded of that product, other factors held constant. But there have been situations in the crude oil market in which there was a positive relationship between the market price and the quantity consumed. Moreover, the responsiveness of change in the quantity demanded of oil in the market was not uniform with the change in price. The demand for oil is mostly derived from other factors such as increased incomes and the availability of cost effective substitutes.

Case Studies on Best Practices - Vol. I

Case Studies on Aviation Industry