Supply and Demand
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(250 words)
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A notable example is floods that occurred in Pakistan (2010).... As a consequence, there was increased pricing of cotton.... Thus, it was attributed to the drastic.... ... ... The event in Pakistan had a shift on its supply curve, but did not affect the demand curve.... However, there also exist incidents where change on the demand curve does not affect the supply curve (Krugman, Effects of Natural Calamity on Demand and Supply World events, for instance, drought and floods, have affected demand and supply trends in free markets tremendously....