Question
This discussion addresses the interaction among price, demand and supply in how global markets work. H&M Brand and others face a backlash from China, a
This discussion addresses the interaction among price, demand and supply in how global markets work. H&M Brand and others face a backlash from China, a major cotton supplier after expressed concern over the alleged use of forced labor in cotton production.
After reviewing the article: Uyghurs: Xinjiang cotton ban is self-defeating, China tells H&M
Url for article:
bbc.com/news/world-asia-china-56568422
Please address in presentation format with an accompanying graph of how the market for H&M Company cotton clothing is impacted by this change in supply. Only 5.2% of H&M sales are in China.
Explain the underlying reasons, the impact of cost, price and supply and demand changes if any. Your focus is on the market for H&M clothing. Include an accompanying graph for the following situation showing demand, price and supply before and after the change effected by China:
- China tells H&M that it will not be able to make a profit on sales into China if they don't buy all their cotton from the Xinjiang Region. I'm
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