An excellent article that is useful for both AS and A2 students!Click here for the video clip showing impact on falling copper prices.
Click here for another article and video clip.
Questions for discussion:
AS - Why has the price of copper fallen? (use a supply & demand diagram)
AS - Is demand for copper likely to be inelastic or elastic?
A2 - Would this happen if company was owned by Zambian govt rather than a multi national?
A2 - What is the impact on the Zambian economy of being primary product dependent
A2 - How are the government and the people trying to adapt from this crisis?
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