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Q.

When Do We Say There Is Excess Demand for a Commodity in the Market?

Q.

The Indian Sugar Mills Association reported that, 'sugar production during the first fortnight of December, 2001 was about 3, 87, 000 tonnes, as against 3, 78, 000 tonnes during the same fortnight last year (2000). The off-take of sugar from factories during the first fortnight of December, 2001 was 2, 83, 000 tonnes for internal consumption and 41, 000 tonnes for exports as against 1, 54, 000 tonnes for internal consumption and nil for exports during the same fortnight last season'.

(i) Present the data in tabular form.

(ii) Suppose you were to present these data in diagrammatic form which of the diagrams would you use and why?

(iii) Present these data diagrammatically.

Q.

______ forecasts the sales of different products in each area for a particular month.