Economics · Oct / Nov 2020 · Paper 22 · Question 4
2281
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The question as text
Italy is home to the world’s oldest bank and some of the world’s oldest car producers. Internationally, both industries are facing a number of challenges. The wages of bank workers and car workers are increasing. Demand for bank loans and for cars is changing, in part, due to changes in population size. It is predicted that the price elasticity of demand (PED) for cars will also change in the future.
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4(a)[2]
4(b)[4]
4(c)[6]
4(d)[8]
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