Demand and supply curves - free perfect market

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Reference no: EM13119067

Question

The task is to interpret the following article in the light of your understanding of supply and demand. Where possible you should illustrate your discussion of the changing situations with demand and/or supply curves, indicating values where appropriate.

In your response to the article you should indicate where you think the market is acting as if a free perfect market, and where it is not. You should explain why you have reached the conclusions you have.

Article:

From The Age, 21 March 2013 Iron ore glut will send prices south - Malcolm Maiden

Reference no: EM13119067

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