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10 a tonne. "China's steel production is forecast to contract in 2015 and 2016 as the seaborne supply of iron ore increases," the department said in its latest quarterly update. Iron ore is a key ingredient of steel. Read more: cuts 2015 iron ore forecast by 10 20150630 gi18dp. htmlixzz3tb8IbFdwa. 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.


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We appreciate that all external examiners across the sector carry out a demanding and difficult task. Therefore, what you tell us in your report will be taken very seriously, discussed in detail by the School offering the subject you examine, and later on in various committees at Faculty and University level. This ensures that we do not overlook any of the subject specific or university wide implications of your comments. Please note that all appointed External Examiners will be required to prove their eligibility to work in the UK. Please see Eligibility to Work in the UK Guidance for External Examiners for more information. To prepare you for your role, all new external examiners are required to complete an outline training induction activity.



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