英国代写论文:石油供应

英国代写论文:石油供应

根据这篇文章,由于需求太少,石油供应过多。石油供应的增加导致供给曲线从S向右移动到S1。由于需求曲线保持不变,供给曲线的右移导致平衡点的变化。新的均衡点是价格更低,石油量更高的地方。均衡水平的小变化导致了价格的巨大变化,这主要是因为石油的需求是价格弹性的(Esfahani,2012)。
在需求曲线是弹性的情况下,导致供给曲线向右移动的任何变化肯定会导致平衡位置的变化。新的均衡状态将导致价格上涨,同时数量上升。在需求曲线更有弹性的情况下,数量的变化将大于价格的变化。可以说,数量的增加超过了价格的上涨。
另一方面,在需求曲线比较缺乏弹性的情况下,供给曲线的任何一种导致向右移动的变化将再次改变平衡位置。新的均衡状态就是这样的:价格上涨,数量上升。然而,在这种情况下,由于供给曲线的变化导致的价格上涨远远高于数量的上升。这可以归因于需求曲线的非弹性。

英国代写论文:石油供应

According to the article, there was too much supply of the oil for too little demand. An increase in the supply of the oil resulted in shifting the supply curve to the right from S to S1. Since the demand curve remained unchanged, a right shift in the supply curve resulted in a change in the equilibrium point. The new equilibrium point was the one where there was a lower price and a higher quantity of the oil. A small change in the equilibrium level led to a huge change in the price, this was basically because of the fact that the demand of the oil is price elastic (Esfahani, 2012).
In cases wherein the demand curve is elastic, any change resulting in the rightward shift of the supply curve would certainly result in change of the equilibrium position. The new equilibrium position would be such that it would result in an increase in the price and at the same time increase in the quantity. The change in the quantity would be more than the change in the price in case when the demand curve is more elastic. It could be said that the rise in the quantity is more than the rise in the price.
On the other hand, in cases wherein the demand curve is comparatively inelastic, any kind of change in supply curve which would result in shifting it rightwards would again change the equilibrium position. The new equilibrium position would be such wherein there is a rise in the price and rise in the quantity. However, in this case the rise in the price due to the shift of the supply curve is much more as compared to the rise in the quantity. This could be attributed to the inelasticity of the demand curve.

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