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There were 3200 entries from 59 countries and Britain's former poet laureate, Andrew Motion, chose the winner from a shortlist of 44 poets including seven Australians. ''This is a bold, big thinking poem," Motion said of Walking Underwater, "in which ancient themes are re cast and rekindled. ''Tredinnick conceived Walking Underwater which is on the Montreal Prize website soon after the tsunami that hit Fukushima in Japan, while walking along a tributary of the Columbia River in the US north west. ''It is a walking meditation on dispossession and the holiness of the affection the earth, in its power and humour and maddening self possession, seems even yet to hold for us all,'' he said. Tredinnick, 49, has won many Australian awards for his poems and essays. He has co founded a group of writers and artists who celebrate beauty and hope in the face of climate change, and his latest book is Australia's Wild Weather. Read more: C1a0For many poets, writing serves as a means of self expression and conflict resolution. At Crescent Moon Coffee, writers have the opportunity to share their written lives with others by reading their work to an audience made up of both writers and non writers. Rex Walton, a Lincoln poet for 30 years, has been running this Monday night reading series for the past 10 years. Though "Poetry at the Moon" is typically frequented by poets, short stories, non fiction, screenplays, songs and even blog posts are shared. In the process of booking readers for the series, Walton contacts and schedules writers from Nebraska and all across the Midwest to read their work at the Crescent Moon.

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My loss through paying the higher surge price is the driver's gain. So from an economic perspective, this transfer is neutral. But that doesn't make the customer feel any happier. a. Explain in detail using graphs how market forces will lead to conditions when surge prices can occur?Given these conditions in the market, why is the market inefficient in the absence of the surge price?Hint: talk about surplus and/or shortages as well as any deadweight loss that may exist in the absence of a price surge. b. Suppose that an increase in jewellery demand induces a surge in the demand for gold. Using your diagrams, show what happens in the short run to the gold market and to each existing gold mine. c. Over time what would the new long run equilibrium price be above, below or equal to the short run equilibrium price in part a above explain. Are there any changes in profits in the long run?Hint: over time fixed costs are likely to rise.

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