Question
https://financialpost.com/news/economy/b-c-flooding-could-be-canadas-costliest-disaster-as-cut-off-port-of-vancouver-snarls-supply-chain https://www.cbc.ca/news/canada/british-columbia/wyntk-bc-floods-nov-18-1.6253395 https://financialpost.com/news/economy/b-c-flooding-could-be-canadas-costliest-disaster-as-cut-off-port-of-vancouver-snarls-supply-chain Please read the whats in the links, Identify the economic mechanisms underlying the issue We are having the general data over the
https://financialpost.com/news/economy/b-c-flooding-could-be-canadas-costliest-disaster-as-cut-off-port-of-vancouver-snarls-supply-chain
https://www.cbc.ca/news/canada/british-columbia/wyntk-bc-floods-nov-18-1.6253395
https://financialpost.com/news/economy/b-c-flooding-could-be-canadas-costliest-disaster-as-cut-off-port-of-vancouver-snarls-supply-chain
Please read the whats in the links,
Identify the economic mechanisms underlying the issue
We are having the general data over the import market in Canada:
- The Port of Vancouver is the busiest port in Canada, moving $550 million worth of cargo each day.
- roughly $300-350m is traded between BC and the rest of Canada per day by road or rail. That's $2-2.5b per week
We're going to look upon the shifts of demand and supply of the imported goods in the BC zone in Canada and we'll try to draw the lines on a graph and explain the outcomes. In the same time we will analyze the elasticity of both supply and demand of the imported goods and we will discuss this by graphs in our presentation.
(under the line I wrote it and I need to explain him a graph what happened to the suppl and demand and elasticit what the port did to the economic related to the good and import outport)
So I need to explain and to have a graph to show the what happens to supply and demand relate to what get effected because of the port.
Thanks
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