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IX. Make up your own dialogue using the following expressions:

exchange of goods and services transactions for commodity

to satisfy individual interests to purchase in a market

to determine a market price a market allocation

to provide to the market to consume a good service or resource '*'

X. Paraphrase the sentences as in the model: ;

Model: I am afraid that this firm will provide less quantity of the commodity to the market. . I am afraid lest this firm provide less quantity of the commodity to the market.

1. I worry, because the relative price for a commodity will decrease. 2. The retailer is afraid that his goods will satisfy individual desires of only one group of consumers. 3. The producers are afraid that the retailers will provide inconvenient market location. 4. The producers are afraid that their market research is of no value to predict what the people will want. 5. The producers are afraid that marketing operations will be very expensive.

Xl Paraphrase the sentences as in the model:

Model: The manager demanded: «The wholesalers must

simplify the process of distribution.»

The manager demanded that the wholesalers

simplify the process of distribution.

1. The wholesaler demanded: «We must determine a market

price of a particular commodity.» 2. The manager ordered: «The

interaction of demanders and suppliers must determine a market

allocation of a particular commodity.)! 3. The manager demanded:

sThe wholesalers must provide new channels of distribution which

help to bring goods to the market.» 4. The middleman suggested:

oSuppliers and demanders must respond to different relative prices

to determine market allocations and prices.» 5. The producer

suggested: «Markets must adjust in predictable ways.s 6. The

producer suggests: «Changes in relative price must tend to efiminate

the excess supply or excess demand.»

XII. Translate into English using Subjunctive I:

1. Bmpo6hhkm no6oi08ajiiicfi, m,o6 uJhm Ha u,eii enp, TOBapy He 3nH3Hnncsi. 2. Heo6xifl,HO, mo6 pHHKOBa uJHa BM3HaHanaCH B3aeMOfliero cyS'eKTiB nonMTy Ta npono3nuji". 3. BaHtnueo, mo6 BcraHOBMnacfl pHHKOBa piBHOBara. 4. Bnpo6miKM 3anponoHyea-nw, 1406 oniOBi ToproBuJ cnpocTnnn npou.ec 36yry. 5. Heo6-xiflHo, mo6 Bnpo6HMKM 6ynn roTOBi nocTaMayn Ha pmhok Ta«y KinbKicTb Tosapy, HKy cno>KMBaMi roTOBi npwa6aTM. 6. BaiKnM-bo, uj,o6 im-epecu cnoHtMBaniB 36iranwcn 3 iHTepecaMn nocTa-

HanbHMKiB.

XIII. Communicative situations:

1. Why does a market adjust toward an equilibrium?

If markets did not adjust toward an equilibrium, what behavior, would you observe?

  1. Do you suppose that a market ever reaches equilibrium? If not, is the concept of equilibrium useful?

  2. If a firm found that its market demand was inelastic and cut its production, would its revenues from supplying goods to the market increase or decrease?

144

145

Lesson 23

INTERNATIONAL MARKETS TOR COMMODITIES AND CURRENCIES

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