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BNN Breaking: Nationwide Truck Driver Protests and Fuel Supply Disruptions

Article published: 2 January, 2024

IB Economics Syllabus: Microeconomics (demand and supply, government intervention)

The recent nationwide truck driver protests, as reported by BNN Breaking, have led to significant disruptions in fuel supply, sparking debates on the need for government intervention. This situation, emerging from the trucking industry’s response to new legislative measures, has resulted in widespread fuel shortages and heightened public distress, offering a real-world example of how government intervention can disrupt market equilibrium and efficiency.

IB Economics (IA) Commentary Suggestions:

For your IA, consider analyzing this situation using the concepts of supply and demand and government intervention. Examine how the protests have led to a decrease in fuel supply, using a supply and demand diagram to illustrate the shift in the supply curve and its impact on prices and quantity. Discuss the potential role of government intervention in this scenario. The key concept to explore in this article can be choice, scarcity or efficiency

Source of image: BNN Breaking

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