Question

1. Assume you work for the Forestry service and you are surveying a certain area of forest. You notice that a local logging company is removing timber (legally) at a rate greater than the forestry service is replenishing the wood. List and describe on way you might enhance supply and one way to decrease demand so that you can ensure yourself a steady, sustainable profit from your trees into the future.

Answer 1

Answer:

A new policy introduced.

Explanation:

Since you are working for the forestry service the one best way to enhance supply would be to introduce a new policy to enforce planting of trees, at the same time reducing the amount of trees to be cut down by local logging companies, by making it illegal to do so.

Next, as the new policy is implemented, the demand for trees would reduce with an increasing demand for forestry services to provide helpful guide on growing new trees.

A steady, sustainable profit lasting is guaranteed since more trees planted means more trainings, which means more services rendered and more service fees charged.