BUNGRIAN TEA PRICES

Bungrian tea prices



Bungrian tea prices

Trends in Ban grain Tea Price

Description

From the above chart we can see that Nominal Price in dollars $ is place at Y-axis and Years at X- axis. In year 1965, Bangria tea price is $0.50 and gradually increase up to 1975 which reached up to around $ 0.80. At this particular point price of Bangria tea has reached significantly up and reached up to $3.00 and then start decline in 1980. Again in 1985, price of Bangria tea has increased and reached up to $2.30. But at this point price of Bangria tea start decrease in 1990. However, from 1995 to 2005 up and down since has become regular part of it.

Analysis

The above chart of Bangria tea is recommend as the Double Tops chart. This is a well known patter which signals a trend a reversal and it is considered to be one of the most realisable as well as most commonly used charts. The pattern has been create when movement of price test as well as support resistance level twice (we have seen in above chart that achieve in year 1975 and 1985) and it is unable to get the breakthrough. This is a pattern that is often used to signals the intermediate as well as long term trend reversals. In the above chat that known to be as double pattern, where movement of price has tried to above at a certain level. After having two unsuccessful attempts to push the price towards higher level, the trends starts reserves and the prices heads lower.

Bangria in 1975 (and again in1985)

When we discussed that the Law of Demand and the Law of Supply and we also made a comparable important statement with the admiration to give everything that else remain unchanged. This is simply referred as the supposition of the Citrus paribus.

Demand Curve Shift

There are certain factors that become the potential reason for shift in the demand curve that may be as follows:

Size of the Consumer

There is may be a chance of increase customer in the market such as growth of population (Broll, et.al, 2010) which would become a greater number of willing to buy more Bangria tea for higher price as it shown in year 1975 and 1985. This is implies that demand of market has increase and it also shift the demand curve from left to right.

Prices of Related Goods

Prices of Related Goods is might become one of the potential reason that move then demand curve move to right (Waldfogel, 2010). There is a chance that price of Bangria tea and its substitute good (coffee) price may be increase that results increase of Bangria tea price and its demand.

Quantity of Tea in Bangria

Short Term

Analysis

In short term, as increase of Tea price quantity begins to surplus because people could not afford a tea on such high price. This indicates that in both year, 1975 and 1985 quantity demand of ...