blablabla001 Posted September 1, 2011 Report Share Posted September 1, 2011 could you please give me some insight on what the diagram to show water shortage after the drought should look like?i did a demand / supply diagarm but my teacher told me thats not enough , improve it . what i did was that i shifted the water supply curve to the left to show that supply has fallen.http://www.upi.com/Top_News/World-News/2011/08/29/Millions-in-China-face-water-shortage/UPI-82901314598051/?spt=hs∨=tn Reply Link to post Share on other sites More sharing options...
dessskris Posted September 1, 2011 Report Share Posted September 1, 2011 add an arrow to show the shortage? it's the distance between the supply curve and the demand curve at the point of the initial price. 1 Reply Link to post Share on other sites More sharing options...
Summer Glau Posted September 1, 2011 Report Share Posted September 1, 2011 Yeah, like Desy said, make sure you include the arrow and all your labels. So make sure you label both axes, give your diagram a title, etc. She may want you to explicitly state the effects of a decrease in supply (higher price, lower equilibrium quantity) in your commentary as well. Reply Link to post Share on other sites More sharing options...
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