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Economics · Oct / Nov 2017 · Paper 23 · Question 5

2281

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The question as text

In 2015, the island of Puerto Rico announced it was considering ending some of its trade embargoes. Its government was also reviewing the amount it was planning to spend. Incomes have been increasing in Puerto Rico with some workers doing better than others. There have also been changes on the micro level, with elasticities of demand and supply changing in some markets.

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Show the answer and mark scheme
  • 5(a)[2]

  • 5(b)[4]

  • 5(c)[6]

  • 5(d)[8]

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