Our Topic
• Global Warming
• Penguins & Polar Bears
• North Pole & South Pole
• Kyoto Protocol
• Water
• Climate Change
Coordinating By.
S.M. AHSAN HABIB
KAZI MD. TANVIR
SAMIUL ISLAM
We are thankful to.
MS. REZINA NAZNEEN
RIMI
(Our Lecturer of Eng 102)
GLOBAL WARMINGGLOBAL WARMING
Pump price for diesel fuel (US dollar per liter) in
Bangladesh by Year
Percentage usage of diesel in
Bangladesh
48
29
13
7 3
% Usage
AgricultureSector
RailwaySector
TransportationSector
Other Energy Sector
Others
Elasticity of demand for diesel inElasticity of demand for diesel in
BangladeshBangladesh
According to the all those sectors Diesel are more inelastic
good in Bangladesh.
Bangladesh is a agricultural based country and our
Agricultural dependent on diesel.
Our railway sector is dependent on Diesel.
Some of the transportation is also runs on Diesel.
Power engines like generator also runs on diesel.
Price
A E
B F
Demand
C D Quantity
An inelastic demand shows that a big change in price results to a
smaller change in quantity demanded. So for a high increase in
price quantity demanded will fall in a small range. This is cause
there are no alternative goods for diesel, industries will need
diesel to run their machines.
Factors that determines diesel’s
Elasticity
Necessity or a luxury
Availability of a substitute
Time (in a short or a long run)
Percentage of the total budget
What is Cross Elasticity
Cross elasticity of demand or cross-price elasticity of
demand measures the responsiveness of the demand
for a good to a change in the price of another good.
Formula for Cross Elasticity
For substitute if the price of A increases then the
demand for B increases.(+ve)
For complement if the price of A decreases then the
demand for B increases.(-ve)
Comment on Diesel’s Cross
Elasticity
If the price of CNG goes up which is an substitute for
diesel then the demand for diesel will also increase.
There are no complements for diesel because the cars
that runs on diesel can not run on fuel.
Thank You
?

Econ 101 group ppt

  • 2.
    Our Topic • GlobalWarming • Penguins & Polar Bears • North Pole & South Pole • Kyoto Protocol • Water • Climate Change
  • 3.
    Coordinating By. S.M. AHSANHABIB KAZI MD. TANVIR SAMIUL ISLAM
  • 4.
    We are thankfulto. MS. REZINA NAZNEEN RIMI (Our Lecturer of Eng 102)
  • 5.
  • 9.
    Pump price fordiesel fuel (US dollar per liter) in Bangladesh by Year
  • 10.
    Percentage usage ofdiesel in Bangladesh 48 29 13 7 3 % Usage AgricultureSector RailwaySector TransportationSector Other Energy Sector Others
  • 11.
    Elasticity of demandfor diesel inElasticity of demand for diesel in BangladeshBangladesh According to the all those sectors Diesel are more inelastic good in Bangladesh. Bangladesh is a agricultural based country and our Agricultural dependent on diesel. Our railway sector is dependent on Diesel. Some of the transportation is also runs on Diesel. Power engines like generator also runs on diesel.
  • 12.
    Price A E B F Demand CD Quantity An inelastic demand shows that a big change in price results to a smaller change in quantity demanded. So for a high increase in price quantity demanded will fall in a small range. This is cause there are no alternative goods for diesel, industries will need diesel to run their machines.
  • 13.
    Factors that determinesdiesel’s Elasticity Necessity or a luxury Availability of a substitute Time (in a short or a long run) Percentage of the total budget
  • 14.
    What is CrossElasticity Cross elasticity of demand or cross-price elasticity of demand measures the responsiveness of the demand for a good to a change in the price of another good.
  • 15.
    Formula for CrossElasticity For substitute if the price of A increases then the demand for B increases.(+ve) For complement if the price of A decreases then the demand for B increases.(-ve)
  • 16.
    Comment on Diesel’sCross Elasticity If the price of CNG goes up which is an substitute for diesel then the demand for diesel will also increase. There are no complements for diesel because the cars that runs on diesel can not run on fuel.
  • 17.