http://www.economist.com/blogs/dailychart/2010/09/oil
1) Click on the link above
2) Read the article
3) Draw a supply and demand diagram which will illustrate this sentence: "The Gulf states that dominate OPEC have the biggest reserves and lowest costs, so can most easily turn the taps on and off when required to keep prices high."
4) Challenge : find other cartels that operate in the world
Due : Tuesday 2nd November
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