Economics · May / June 2021 · Paper 11 · Question 4
2281Price changes
What is included in microeconomics?
- Athe calculation of national income and expenditure
- Bthe effects of a change in exchange rates on the trade balance of an economy
- Cthe effects of an increase in the price of a good or service
- Dthe factors leading to demand-pull inflation
As printed in the paper
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Correct answer: C. the effects of an increase in the price of a good or service
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