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Discuss any other factors that have impacted on the price of the commodity chosen. Using Diagram, show how substitutes and compliments commodities/products have impacted on the price of your chosen commodity.

Use a range of sources, for example, textbooks, academic journal papers, the latest economic news and data sites, and economists and specialists’ comments to support your findings, discussions, and suggestions/recommendations. Use Harvard System to properly reference your report, including both in-text referencing and end of paper reference list. Failing to do so will lead to a loss in a mark. You should upload a Microsoft Word document or PDF to Turnitin .

Discuss any other factors that have impacted on the price of the commodity chosen. Using Diagram, show how substitutes and compliments commodities/products have impacted on the price of your chosen commodity.
Apply the concept of Demand and supply analysis to your discussion using diagrams. Apply the concept of Elasticity of demand and supply using diagram.
Summarise your findings and make some inferences.
You can do more than this if you still have more to add.

 

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