Data Response.

1)

    A. Demand : Is the quantity of a good or service consumers are willing and are able to purchase at a given price in a given time period.
    B. Economic Growth:  It is the measure of national income, which is the value of all the goods and services produced in an economy in a given time period, usually one year.

2)
A reason in wich there has been an increment of price on copper is because of China.
Becacuse China has been over the few years having an increase in the economic growth and its income this has caused the effect of excess demand of products in China, specially product such as copper. We can explain better with a demand and supply curve.

 

We can see in the graph, a shift to the right in the demand, thi smeans that the price will rise to reach an equilibrium. We can also see the ammount of excess demand  in the graph.

3)

Because the copper has a high cost, then most of electronic materials that use copper will have high dcost too, thiss means that the production of these products will be more expencive, in this case the product is the washing machine. 

 

In the graph we can see a shift to the left on the supply, this means a decrease in supply, the price is then increased to reach an equilibrium with demand.

4)
In the coming months, what is likely to happen in the copper market is that the excess demand on copper will vanish, this means that copper is to stabilisize and reach equilibrium. The demand will rise because of the Chinese increase of income and the supply will decrease because the rise of price on production cost. This means there are two movements in a graph.



the supply then shifts to the left because its decreasing, and the demand shifts to the right because of the rise in Income. As we can see, there is a new equilibrium point.