Illustrate the following with supply and demand curves: a. In June 2015,
a. Chinese gaming company won a charity auction for lunch with Warren Buffett on a Friday night with a bid of $2,345,678.
b. In August 2015, the Global Dairy Trade (GDT) Price Index was 514, down from 880 a year before. This was due primarily to the fact that supply had increased during the period.
c. During the past decade, the global demand for solar power continued to rise, and its contribution to total electricity generation grew from 0.01% in 2004 to 0.79% in 2014. At the same time, the number of solar power plants had increased tremendously. The overall result was a drop in the average cost of solar energy and an increase in the amount of electricity generated from solar power, from $500 per megawatt-hour (MWh) in 2010 to $200 per MWh in 2015![]()
[answer.2.content]
a. Chinese gaming company won a charity auction for lunch with Warren Buffett on a Friday night with a bid of $2,345,678.
b. In August 2015, the Global Dairy Trade (GDT) Price Index was 514, down from 880 a year before. This was due primarily to the fact that supply had increased during the period.
c. During the past decade, the global demand for solar power continued to rise, and its contribution to total electricity generation grew from 0.01% in 2004 to 0.79% in 2014. At the same time, the number of solar power plants had increased tremendously. The overall result was a drop in the average cost of solar energy and an increase in the amount of electricity generated from solar power, from $500 per megawatt-hour (MWh) in 2010 to $200 per MWh in 2015
