A clip from the BBC on an impending strike at Chile's major copper mine
http://news.bbc.co.uk/1/hi/business/8434330.stm
a) Using a S&D diagram, explain the effect of the strike on the world price of copper
b) Given the mine supplies 4% of total world copper, comment on the actual likely effect on the world price of copper
Wednesday, December 30, 2009
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