Causes of Price Volatility
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 21 Mar 2021
This short revision video looks at some of the causes of price volatility that we see in many commodity markets around the world. The examples of price volatility in sugar and in crude oil are used as applied examples and the significance of low price elasticity of demand and low price elasticity of supply is emphasised when drawing the relevant analysis diagrams.