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Blog

Supply and demand in action – floods in Australia

Jim Riley

6th January 2011

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Here is a fantastic video from CNN showing how the floods in Australia have had a significant effect on many of the commodities we buy. Coal, sugar and wheat are among the commodities affected. It is a great example for explaining how a reduction in supply can increase prices.

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Jim Riley

Jim co-founded tutor2u alongside his twin brother Geoff! Jim is a well-known Business writer and presenter as well as being one of the UK's leading educational technology entrepreneurs.

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