Here is an article which shows the rising prices of sugar due to market pressures.S-grade sugar rose by Rs 5 a quintal and M-grade by Rs 10 in the spot market, extending last week's gains, on higher demand.
Read this article
ttp://www.thehindubusinessline.com/markets/commodities/article2546346.ece
Answer the following questions
What is demand?
Why do you think the price of sugar is going up in the market?
How will you show this phenomenon with the help of a diagram.
Apart from the factors mentioned in the article, are there other factors which might affect price of sugar. Comment.
Should government intervene ? Discuss price control measures.
