Economics Ia

Topics: Supply and demand, Economics, Price elasticity of demand Pages: 8 (2192 words) Published: November 17, 2011
Cover Page
Student’s Name: Arielle Ali.
Student’s Number:
School Name: St. Joseph’s Convent, San Fernando, Trinidad. School Code: 160068
Subject Name: Economics
Date Submitted: 19th February, 2009

Title Page
An economic investigation into the demand for doubles in south Trinidad.

I would like to express my most sincere gratitude to all the persons who participated in the survey and took the time to complete the questionnaire. Most particularly, I’d like to thank my teacher Miss. A. Dassyne for her clarity in her explanations during class and her guidance and patience. I’d also like to thank Mr. E. Bahaw and Mrs. G. Ali for their tremendous contributions they made in reading my completed assignment.

Table of Contents

Aims and Objectives
The general aim of this SBA was to facilitate a better understanding of theories and concepts of Economics that were learnt in the class room and to be able to investigate and apply these theories and concepts in real life. It was intended to develop in the candidate and interest in self-directed investigation including the collection of data in a scientific manner. The execution of the SBA project should lead to a sense of accomplishment while facilitating the development of the basic skills of economic research. An important objective was an economic investigation into the demand for doubles in South Trinidad. The specific objectives that were highlighted in this SBA were an introduction to the doubles market in South Trinidad, a brief explanation of the demand for doubles in South Trinidad and to determine the demand curve for doubles in South Trinidad. This SBA also was designed to show the factors affecting the demand for doubles in South Trinidad, to show the calculated price elasticity of demand for doubles in South Trinidad and to state the factors affecting the price elasticity of demand for doubles in South Trinidad.

In doing this SBA there were many steps involved in acquiring data. Firstly, the Economics class suggested options that they thought were an interesting subject to investigate. Out of all the suggestions, the class decided to do an economic investigation into the demand for doubles in South Trinidad because the topic was of good interest and it was practical. Also during the months of decision making, doubles was undergoing some price changes and it was relatively easy to obtain the information needed. The primary source of information came from questionnaires that were created by the students and the teacher. It consisted of eight simple questions that were necessary for the assignment. A hundred questionnaires were distributed during the months of October to November in the year 2008, by the students to members of the public of South Trinidad. The questionnaires were then analysed and the data was used un complying the report. The report would be presented in a formal manner consisting of suitable graphs, charts and tables.

Research Report
Introduction to the Doubles Market in South Trinidad
Doubles is a common street food in Trinidad. It consists of channa which is curried chick peas, wrapped in bara. This delicacy is undoubtedly one of the most popular fast food available in Trinidad. It is usually eaten for breakfast or as a snack. It is quick, easy to attain and very delicious and savoury. Doubles is considered to be a consumer good because it is purchased for immediate or direct use and it is not used in the production of other goods. Doubles is also said to be a private good because it is excludable which means that the consumption of this good is only available to those who can afford it, and it is diminishable which states hat the consumption of this good by one individual reduces the amount available for another individual. South Trinidad was chosen to be studied because it was easier for the information to be attained and doubles id greatly sold in South Trinidad rather that in...
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