Question

Assume you were the owner of the land on which the tree harvesting scenario took place. Halfway through the harvesting of your tree "crop" you realize that demand is outpacing supply. List and describe one way you might enhance supply and one way to decrease demand so that you can assure yourself a steady, sustainable profit from your trees into the future.

Answer 1

To enhance supply in the tree harvesting scenario, sustainable forest management practices should be implemented, while exploring alternative materials or sources for tree products can help decrease demand.

Step-by-step explanation:

To enhance supply in the tree harvesting scenario, you could implement sustainable forest management practices. This involves planting new trees after harvest and ensuring they are given enough time to grow before being harvested again. By maintaining a cycle of planting and harvesting, you can ensure a continuous supply of trees for the future.

To decrease demand, you could explore alternative materials or sources for the products typically derived from trees. For example, you could promote the use of recycled materials or incentivize the development of wood alternatives made from renewable resources like bamboo. By diversifying the market and reducing the reliance on traditional tree products, you can help decrease the demand for tree harvesting.

Answer 2

Step-by-step explanation:

The only way to do this would be to plant more trees to replace the ones that have been harvested. Doing so takes time for the trees to grow and if the demand is too high your profit will still not be sustainable. Therefore, you would need to calculate the time it takes for a tree to fully grow and implement a daily limit of trees that can be harvested. That way your supply will continuously replenish enough to meet the demand but not be completely harvested. This ultimately leads to sustainable profit.