The price mechanism

IB Economics: The price mechanism

The world price of natural gas has increased from $2.50 per unit to $5.60 per unit over the last 12 months – an increase of 124%. Like a price ‘spike’ in most markets, the cause of the increase in price can be attributed to a number of different factors. These are some of the factors behind the current rise in the price of natural gas:The rise in gas price can be seen as something of a ‘perfect storm’ for the...

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