Economics

Overview
Reference Library

Study notes, videos, interactive activities and more!

Blog

Economics news, insights and enrichment

Collections

Currated collections of free resources

Topics

Browse resources by topic

See what's new ›
All Economics Resources

Student Resources

Assessment Resources

Teaching Resources
Resource Selections

Currated lists of resources
CPD Courses
Livestreams

Topic Videos

Causes of Price Volatility

Level:: AS

Board:: AQA, Edexcel, OCR, IB, Eduqas, WJEC

Last updated 21 Mar 2021

Share on Facebook
Share on Twitter
Share by Email

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.