Macroeconomics 11th Edition by Michael Parkin

تمرين 8

Indian Weddings Boost Gold Price Hopes
Indian weddings traditionally take place between late September and December. The predilection for jewelery at this time usually gives a big boost to gold sales, and the record shows the price of gold has generally risen during this period.
a. Describe the changes in demand and supply in the market for gold in India during the wedding season.
b. Given that the wedding season is a predictable event, how might expectations influence the market for gold in India