Poor Harvest Worksheet Solution - Market Inter-Relationships [Virtual Learning Arcade]

Interrelationship between Markets

The Input Parameters

World Income (stable, increase, decrease)

stable

Income Tax (stable, increase, decrease

stable

Advertising budget (stable, increase, decrease)

stable

Corporation Tax for Growers (stable, increase, decrease)

stable

Harvest Conditions (stable, poor, good)

poor

PED of Milk

0.70

PES of Milk

1.30

CPED Coffee with Milk

-0.80

PED of Coffee

0.70

PES of Coffee

0.50

YED of Coffee

1.50

PED of Tea

0.90

PES of Tea

0.50

CPED Tea with Coffee

1.70

AED of Coffee

1.50


Outputs: Coffee

Price (£)

125.83

Quantity

72.92

Total Revenue (£)

9175.35

Precentage change in price (%)

7.09

Percentage change in Quantity (%)

-7.41

Percentage change in Total Revenue (%)

-0.84


Outputs: Milk

Price (£)

7.17

Quantity

19.32

Total Revenue (£)

138.44

Precentage change in price (%)

-46.51

Percentage change in Quantity (%)

-22.43

Percentage change in Total Revenue (%)

-79.38


Outputs: Tea

Price (£)

344.85

Quantity

176.43

Total Revenue (£)

60840.81

Precentage change in price (%)

4.56

Percentage change in Quantity (%)

4.46

Percentage change in Total Revenue (%)

8.82