'More Import Permits If Not Enough Chicken Essay\r'

'JITRA: The regimen will issue permits to conditional relation weakly interacting massive particle only if there is a shortage. police lieutenant Agriculture and Agro-based Industry Minister Datuk Johari Baharom utter this was unneeded at the moment as there was a sufficient supply.\r\nâ€Å"There are enough chickens to outfit adopt for the fasting month and Hari Raya ,” he said after having sahur (predawn meal) with villagers in Kampung Teluk Malek here yester daylight. The local chicken farms produce between 1.4 million to 1.5 million birds per day and demand for chicken is less than 1.4 million daily.\r\nThe presidency will monitor the supply of chicken to rescind either shortage in the market, in particular during the jovial season. He said the farm price of RM4.70 per kg imposed since the beginning of the fasting month was reasonable, especially when compared with price in neighboring countries. He added that expatriation costs and increase in demand were th e lend factors to price increase.\r\nAdapted from New Straits Times, tremendous 16, 2010\r\na) What is market equilibrium? With the aid of a diagram, inform how it is determined? (4 marks) b) With the aid of a diagram, show the picture of an increase in demand for chicken in the domestic market.\r\n(4 marks) c) Explain three (3) factors that may deviate the supply of chicken in the domestic market. (6 marks) d) What happens to the price of chicken in the domestic market if our government issue more permits to import chicken? arrive a diagram to support your answer. (3 marks) e) Explain any two (2) possible factors that may influence the demand for chicken. (3 marks) ©\r\n'