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Using demand and supply analysis explain the impact of the change in commodity price on the market for iron ore mine workers. b. Using demand and supply analysis explain the impact of the change in commodity price on the market for rental properties in mining towns. Task 2: Elasticity Q1. Briefly explain the economic concept of elasticity. List the five key determinants of price elasticity of demand and explain how each determinant indicates whether demand tends to be elastic or inelastic. Explain the concepts of cross price elasticity of demand and income elasticity of demand. What do positive and negative values indicate for each of these demand elasticities?Use examples to explain your answer. Q2. Explain the economic concept of price elasticity of supply. What are the 5 key determines of price elasticity of supply.
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That doesnt help the CC case. You mentioned a deep suspicion of government. Its earned. Almost everything government touches is a failure. ACA Healthcare: abject failure. Prohibition: failure. War on drugs: failure. War on illegal immigration: failure. Legal immigration policy: failure. War on crime: failure. Smokey Bear fire prevention: failure.
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