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ReadthearticlefromtheNewYorkTimes RetailersLatestHeadaches:ShutdownsatTheirVietnamese Suppliers, by Sapna Maheshwari and Patricia Cohen (https://www.nytimes.com/2021/09/29/business/supply-chain-vietnam.html) Forthesakeofsimplicity,considerthemarket forjeans.Basedontheinformationin the article,draw asupply anddemandgraphthat illustrateswhat ishappeninginthe market for jeans.Make sure to label your
ReadthearticlefromtheNewYorkTimes "RetailersLatestHeadaches:ShutdownsatTheirVietnamese Suppliers", by Sapna Maheshwari and Patricia Cohen (https://www.nytimes.com/2021/09/29/business/supply-chain-vietnam.html)
- Forthesakeofsimplicity,considerthemarket forjeans.Basedontheinformationin the article,draw asupply anddemandgraphthat illustrateswhat ishappeninginthe market for jeans.Make sure to label your graphs and briefly explain any shifting of curves and/or changes in prices and quantities.
- Whatwillhappen tothetotalrevenueof Vietnameseclothingmanufacturers?What will happen to revenue of companies like Everlane and Urban Outfitter? How do demand elasticities for jeans influence your answer?Explain.You may assume that supply and demand are straight lines.
- Basedonyouranalysis,compare theimpactsofthissupply chainissueonthefollowing groups:consumers, Vietnamese garment workers, and Urban Outfitters.Who is impacted themost?Hint:Think analytically about prices,quantities, and consider any possible mitigating responses by the affected groups.
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