00:01
Okay, so we're looking at the effect of these different events on the market for electric costs.
00:04
Let's say it looks like this.
00:05
So start with, who supply, woo, demand, price, and quantity, of course.
00:12
Okay, so our first event is a strike by aluminum workers raises the prices of aluminum.
00:19
So what is that going to do? this is our quantity supply.
00:24
This is our quantity demanded.
00:26
That's not going to have any effect on the demand, right? because aluminum is going to be a piece of the supply piece of the car which suppliers will be selling.
00:34
So this is only going to affect the supply curve and it is going to move it up because it's more expensive now since the price of aluminum is increasing.
00:49
So supply is going to decrease relatively.
00:53
Okay.
00:54
And then the second effect, the second event, sorry...