"Case Preparation Discussion Questions: Freemark Abbey Winery - Download as DOC"
MBA 201a Fall 2009—Prof. Wolfram Discussion Questions: Ever Heard of Indium? Answer and be prepared to discuss the following questions: 1. Do you think the market demand curve for indium is elastic or inelastic? Why? 2. What does the demand curve faced by an individual indium supplier look like? Why? 3. Draw one supply curve and one demand curve to reflect the 2002 equilibrium in the indium market (when “a kilogram of indium sold for about $60”)? How would you change this drawing to reflect the 2004 equilibrium in the indium market (when the price rose to $610 per kilogram)? 4. Do you share the author’s pessimism about the possibility of shortages in the future?