Answer to Question #103867 in Macroeconomics for Nazeer

Question

Briefly list and elaborate on the factors that will be affecting the supply of the following
products in the next several years. Do you think these factors will cause the supply to in-
crease or decrease?
a. Crude oil
b. Beef
c. Computer memory chips
d. Hotel rooms
e. Fast food outlets in emerging markets
f. Credit cards issued by financial institutions
g. Laptop computers
h. PC servers

Answer 1

A) US crude oil exports can overtake Russia and get closer to Saudi Arabia, contributing to greater diversity of crude oil supply. This will increase supply.

https://capital.com/crude-oil-price-forecast

B) Increased demand for beef across Asia, underpinned by declining pork production, will be a key factor for increasing beef supply.

https://www.mla.com.au/prices-markets/market-news/global-beef-exports-set-for-growth-in-2020/

C) Demand from data centers and PC makers is expected to grow. This will increase supply.

https://asiatimes.com/2019/12/after-dire-year-memory-chips-poised-for-strong-2020/

D) People will travel more, demand will increse, supply will increase.

https://www.weny.com/story/41374244/hotel-market-2019-global-analysis-opportunities-and-forecast-to-2024-gcc-hotels-market

E) As economics will develop, the demand and supply of fast food outlets will increace (people will spend more time on work and less on food cooking).

https://www.globenewswire.com/news-release/2019/07/12/1882007/0/en/Global-Industry-Trends-in-Fast-Food-Market-Size-Share-Will-Surpass-USD-690-80-Billion-by-2022.html

F) Developing of economics in developing countries can increase demand and supply of credit cards issued by financial institutions.

G) Laptop computers are getting smaller and more lightweight. They can outperform tablets. Demand will increase, supply will increase.

H) Demand from data centers and PC makers is expected to grow. This will increase supply.

https://asiatimes.com/2019/12/after-dire-year-memory-chips-poised-for-strong-2020/