Cobweb Model for the Stabilization of Vegetable Prices in Some Selected Villages of Noakhali District Authors: Binata Rani Sen, Md. Maznur Rahman & Mohammad Iqbal Hossain

Page: 707-717

Cobweb Model for the Stabilization of Vegetable Prices in Some Selected Villages of Noakhali District

Authors: 

Binata Rani Sen, Md. Maznur Rahman & Mohammad Iqbal Hossain

Abstract

In this paper, a linear Cobweb model is used to analyze the phenomenon of commodity price fluctuations of vegetables in some selected villages of Noakhali district. The fluctuation of vegetable prices is normal in the market economy. The level of the price and the fluctuation not only has a significant influence on farmers and consumers, but a reasonable and stable price also has an irreplaceable effect on the safe running of the vegetable market. The assumptions for the model are (i) vegetables have no equal substitutes; (ii) there is no foreign competition. The analysis found that the slope of the demand function of the price was smaller/larger than the slope of the supply function of the price which means that the price and quantity supplied of the fresh vegetables would oscillate/indicate around a fixed price and also spiral inward/outward.

. Key words: 

Vegetable Prices, Cobweb Model, Price Fluctuation, Market economy, Noakhali district

Download PDF

Title:

Cobweb Model for the Stabilization of Vegetable Prices in Some Selected Villages of Noakhali District

Author:

Binata Rani Sen, Md. Maznur Rahman & Mohammad Iqbal Hossain

Journal Name: International Journal of Science and Business
Website: ijsab.com
ISSN: ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI: https://doi.org/10.5281/zenodo.1491286
Media: Online
Volume: 2
Issue: 4
Acceptance Date: 15/11/2018
Date of Publication: 19/11/2018
PDF URL: http://ijsab.com/wp-content/uploads/289.pdf
Free download: Available
Page: 707-717
First Page: 707
Last Page: 717
Current Status: Published

Cite This Article:

Binata Rani Sen, Md. Maznur Rahman & Mohammad Iqbal Hossain (2018). Cobweb Model for the Stabilization of Vegetable Prices in Some Selected Villages of Noakhali District. International Journal of Science and Business, 2(4), 707-717. doi: https://doi.org/10.5281/zenodo.1491286

 

Retrieved from http://ijsab.com/wp-content/uploads/289.pdf

 

About Author

Binata Rani Sen, (Corresponding Author) Department of Economics, Noakhali Science and              Technology University, Noakhali, Bangladesh

Md. Maznur Rahman, Department of Economics, Noakhali Science and Technology University, Noakhali, Bangladesh

Mohammad Iqbal Hossain, Department of Economics, Noakhali Science and Technology      University, Noakhali, Bangladesh

 

 

Download PDF

DOI: https://doi.org/10.5281/zenodo.1491286

Follow us

This Post Has Been Viewed 28 Times