Application of S/D Flashcards
1
Q
Commodities
A
Any good that is in demand but supplied without any difference in quality
2
Q
Top 15 traded commodities
A
- Iron ore
- Crude oil
- Coal
- Ethanol
- Salt
- Sugar
- Coffee beans
- Soy beans
- Aluminium
- Copper
- Rice
- Wheat
- Gold
- Silver
- Cotton
3
Q
The tin market
A
Tin is a key component with many uses in science, technology & engineering
4
Q
Price stability
A
Many commodities are subject to price instability as they have price elasticity of supply that is highly inelastic
