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(a) Using your knowledge of economics and how markets work illustrate and explain why the price of electricity has increased so much over the

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(a) Using your knowledge of economics and how markets work illustrate and explain why the price of electricity has increased so much over the past 18 months throughout the EU. You should consider the concepts of supply and demand and what was happening in the world at the time in your answer.

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The sharp increase in electricity prices over the past 18 months across the European Union EU can be attributed to several interconnected factors rooted in the principles of supply and demand as well ... blur-text-image
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