Question
a) Why do many primary commodities have a relatively low PED while many manufactured products have a relatively high PED? b) Use the concept of
a) Why do many primary commodities have a relatively low PED while many manufactured
products have a relatively high PED?
b) Use the concept of PED and diagrams to explain why agricultural product prices tend to
fluctuate more (are more volatile) compared with manufactured product prices over the
short term.
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OPEC Twenty Years And Beyond
Authors: Ragaei El Mallakh
1st Edition
1317244737, 9781317244738
