Project- Adani Carmichael coal mine project
Assuming the project goes ahead, how would the a) global market for coal and b) the electricity market in India, be affected. Depict each market separately using a supply and demand graph. Show a shift in either supply or demand in each market, clearly explaining the variable that causes the shift in each case. What is the predicted change to quantity and price in each market?
The global market for coal will increase hence the demand curve and the supply curves will shift to the right leading to a... View the full answer