The line graph reveals information on Wool Price in New Zealand over a period of 20 years from 1980 to 2000.
The line graph reveals information on Wool Price in New Zealand over a period of 20 years from 1980 to 2000. Each unit is measured in dollar per kilo.
As can be seen from the graph, there was a wild fluctuation in price of wool during the period. In 1980, The price of NZ’s wool stood at $ 2.00 per kilo. It then rose slightly by about 02.cent, before falling sharply to $1.3 in 1985, which was the lowest price in all time. There was a dramatic increase over the next two years, with the price of wool reaching a peak of $5.13 in 1988.
Another striking feature is that the year 1990 witnessed a sharp drop at $3.00. Then from 1989 to 1993 the price slightly fluctuated between a high of 3.0 and a low of 2.9, before recovering/ climbing to $ 4.8 in 1995. The price levelled off at $3.55 in 2000.
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