My Experience in Moving to Los Angeles from Palestine Essay

My Experience in Moving to Los Angeles from Palestine - Essay Example It was in this context of understanding that I experienced my most embarrassing moment. During the first few weeks living in Los Angeles, I explored many parts of the city. Walking through Los Feliz in Hollywood one afternoon I was approached by a man, later revealed to be a photographer, who asked for a moment of my time.â€Å"You have a very beautiful personality and image,† he said. Taken aback I have walked away, but he quickly interjected, â€Å"I would love to have you model!† I was perplexed, as I had never envisioned myself as the model type, and after-all he had just met me, how would he even have an inkling of my personality. Still, I secretly found his invitation flattering and was intrigued at where the opportunity could lead. The following weekend I arrived at his studio. Still new to the city, entering into this unfamiliar situation compounded my generalized anxiety. I knew nothing about modelling and this soon became abundantly clear. As I walked into the studio the photographer was there. â€Å"Hi† I sheepishly said. He seemed preoccupied and instructed me to go with his assistants to an adjacent room. Everyone at the studio moved confident and efficiently as if this was industry standard. As I walked into the adjacent room I was surrounded by a group of people who measured my size and then hold up a dress. I could feel the eyes of the other people in the room staring intently at me waiting. Slowly I felt a thrust of blood shoot throughout my face, as I nervously tightened my hands into fists as if it might stabilize my embarrassment. They were going to undress me.

Economic Essay Example | Topics and Well Written Essays - 1000 words - 1

Economic - Essay Example e affected by the cyclone 1 Introduction Farm market like the market for Australia’s bananas is an example of market where the forces of supply and demand work. And just like any industry, Australia’s banana industry has already faced severe short-run problems like shortage in supply and the high price of banana. These were the main issues presented by the media reports that were used in this case study. This report will try to present an economic analysis of the problems encountered by both the consumers and producers of bananas in Australia as they were the key stakeholders impacted by the issues in this case. The concepts of supply, demand, price elasticity of demand and supply, and price instability of farm products were used to analyze this case. 2 Market Demand and Supply A market is an institution or mechanism that brings together the buyers and sellers of a particular good or product (McConnell and Stanley 2005, 47). The Australia’s banana market is an ex ample of a farm market where buyers and sellers are both considered stakeholders. Buyers or consumers of bananas represent the demand side while the supply side is represented by the growers or producers of banana. 2.1 Demand Australians consume around 20 million cartons of bananas a year, which equates to one box per person per annum or 13kgs of bananas each (Drucker 2006, par.7). This means that this amount of bananas is also the amount that consumers or buyers are willing and able to buy at any price during a specific period of time or the demand (Mankiw 1997, 89). Price and the quantity demanded are inversely related as described by the Law of Demand. In this case, banana consumers who are willing and able to exchange their money to have their bananas, will buy more bananas at lower prices and tend to buy less when price is increased. This relationship is shown in Figure 1. Aside from price, there are other determinants of demand. The price and availability of related products i s one that is applicable in this case study. With the shortage in banana caused by Cyclone Larry, consumers’ demand was unchanged as they failed to look for substitute for banana. In effect, they still buy bananas despite its high price. Figure 1. Demand curve D shows the inverse relationship between price P and quantity demanded Qd. 2.2 Supply Supply is the amount of particular goods or services that producers or sellers are willing to produce and make available for sale at a given price during a specified period of time (Mankiw 1997, 91). Law of Supply explains the direct relationship of price and quantity supplied. Industry group such as Growcom and the banana growers like Naomi King (Australian Broadcasting Corporation 2006, 1) will be willing to produce and sell more bananas when price in the market is high. For them, price is also another term for income. The normal or positive relationship between price and quantity supplied is shown in a supply curve like the one belo w. Figure 2. Supply curve S shows the direct relat