China slowdown could bring good news Chinas economic slowdown could help reduce the cost of steel used

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China slowdown could bring good news China’s economic slowdown could help reduce the cost of steel used by U.S.

auto makers.

Source: The Wall Street Journal, September 8, 2015 Explain how an economic slowdown in China influences the global steel market. What happens to the equilibrium price of steel?

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Essential Foundations Of Economics

ISBN: 9781786633255

8th Edition

Authors: Robin Bade, Michael Parkin

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