Economics · Oct / Nov 2022 · Paper 22 · Question 4
2281
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The question as text
Advances in technology have changed how trees (wood) are cut down, transported and used in the manufacture of furniture, such as tables. Wood is in inelastic supply. Wood can be supplied in all economic systems. However, public goods are not supplied in a market economic system.
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4(a)[2]
4(b)[4]
4(c)[6]
4(d)[8]
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