The Effect of Transport Costs on Demand and Supply
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
The Effect of Transport Costs on Demand and Supply
Transport costs play a significant role in determining the demand and supply of goods and services in an economy. The cost of transportation affects both producers and consumers, as it influences the price of goods and services, the quantity demanded and supplied, and ultimately, the level of economic activity.
Transportation costs can be divided into two categories: direct and indirect costs. Direct costs include expenses such as fuel, maintenance, and insurance, while indirect costs refer to the opportunity costs associated with transportation, such as time and productivity losses. Both direct and indirect costs can have significant effects on the demand and supply of goods and services.
On the demand side, transportation costs affect the price sensitivity of consumers. As transportation costs increase, the price of goods and services also increases, which can lead to a decrease in demand. This is because consumers may choose to substitute to cheaper alternatives or reduce their consumption altogether. For example, if the cost of shipping fruits from one country to another increases, the price of the fruits in the importing country may increase, leading to a decrease in demand for that fruit. Alternatively, consumers may choose to buy similar fruits that are locally produced and have lower transportation costs.
On the supply side, transportation costs influence the cost of production, which affects the price at which goods and services are supplied. If transportation costs increase, the cost of production also increases, and producers may either pass the additional costs onto consumers or reduce the quantity supplied. If producers choose to increase prices, this may lead to a decrease in demand for their products, as consumers may opt for substitutes or reduce their overall consumption.
In addition, transportation costs can affect the availability of goods and services in a particular region. High transportation costs may discourage producers from supplying goods to certain areas, especially if the demand for their products is low. This can result in limited access to certain goods and services in some regions, leading to disparities in economic development and social welfare.
Furthermore, transportation costs can also affect the location and specialization of economic activities. If transportation costs are high, it may not be economically feasible for firms to locate in certain areas, especially if the demand for their products is low. This can lead to a concentration of economic activity in certain regions, while other regions may remain underdeveloped.
Finally, transportation costs can also have environmental effects. High transportation costs may encourage the use of more fuel-efficient modes of transport, such as rail or water transportation, which can reduce carbon emissions and other environmental impacts. On the other hand, low transportation costs may encourage the use of less fuel-efficient modes of transport, such as road transportation, which can increase environmental impacts.
In conclusion, transportation costs play a crucial role in determining the demand and supply of goods and services in an economy. They affect the price of goods and services, the quantity demanded and supplied, the location and specialization of economic activities, and the availability of goods and services in different regions. As a result, transportation costs can have significant impacts on economic development, social welfare, and the environment.
The Effect of Transport Costs on Demand and Supply
RUBRIC
QUALITY OF RESPONSE |
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POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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