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Blog

The World of Wednesday – ash cloud causes explosion in cost of European luxuries

Jim Riley

12th May 2010

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Beijing residents who have developed a penchant for luxury European goods will be disappointed to find prices rising by around 10-15%. The price increase has been caused by the ash cloud reducing supply. Pupils could draw a demand and supply diagram to explain this situation.

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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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