Supply and DemandUnknown - 2012
A two-year drought in California in the 1970s motivated areas such as Marin County to conserve by reducing their water consumption by as much as 66 percent. Following the Arab oil embargoes of 1973, the Nixon administration latched onto the world price of "new" oil, encouraging domestic oil suppliers to drill again. Jordache designer jeans used creative advertising to create a demand for blue jeans. These stories illuminate factors that determine the quantity of goods demanded by consumers and the factors that determine the quantity of goods supplied.
Publisher: [Place of publication not identified] : Annenberg Learner (Firm), 
Edition: 21st Century Edition
Copyright Date: ©2012
Characteristics: video file,rda 1 online resource (1 video file (28 min., 14 sec.)) : color and sound
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