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ANIMATED CHALKBOARD PRESENTATION
Anisha Goyal
Created on May 10, 2023
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Transcript
reduction of tariffs on edible oil in India in 2021
Econ!
By Anisha Goyal
Start
01
Demand And Supply
This section focuses on the events that occured in the market in 2021
Domestic Demand and Supply of Edible Oil
- Significant increase in domestic prices, which most likely happened due to an increase in domestic demand
- Negative impact on Indian consumers and led to an increase of imports
- Government reduced tariff, which is better for consumers and increases Imports
+ info
E2
02
Change in Market after reduction on tarrif
Change in Tariff of Edible oil
The government reduced the tariff from T1 to T2 which is a reduction of USD 112 per tonne There is a reduction in welfare loss from (a+b+c+d) to (c+d). There is also a reduction in government revenue, from e+f to f.
StakeHolders Impacted
Focusing on different stakeholders and how they have been impacted
Stakeholders Impacted
Government Of India
Indian Customers
Impact on indian Government is negative.
Impact on customers is positive
+ info
+ info
Indian Producers
Impact on domestic producers is negative
+ info
04
Short Run Vs long run
Comparison between short and long run
Short run vs Long run
Long Run
Short Run
vs
Government was protecting an infant industry to help it grow
Negative impact on customers and manufacturers
+ info
+ info
In conclusion