2022 June Business Economics and Business and Commercial Knowledge
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Questions 47-48 are based on the demand and supply diagrams in Figure 1 .
S 1 and D1 are the original demand and supply curves. D2, D3, S2 and S3 are possible new demand and supply curves.
Starting from initial equilibrium point(1) what point on the graph is most likely to result from each change?
S 1 and D1 are the original demand and supply curves. D2, D3, S2 and S3 are possible new demand and supply curves.
Starting from initial equilibrium point(1) what point on the graph is most likely to result from each change?
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Question : 47
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