In your report, you are required to demonstrate understanding of factors influence the market forces, the interaction of supply and demand in the market and the concept of elasticities. You should support your argument with real world evidence in order to demonstrate your ability to apply theoretical concepts to real situations. Please use diagrams to illustrate your points
The aim of the task is to test your understanding of key market forces and your ability to make effective interpretations. The theory of market covered in weeks 2 and 3 (supply and demand, market equilibrium and elasticities) and weeks 5 and 6 (market structures) can be used to support this assessment.
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