Economics · Oct / Nov 2022 · Paper 23 · Question 4
2281
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The question as text
Poland is the world’s top exporter of toothpaste, a product that is in inelastic demand. In 2019, some Polish firms producing toothpaste considered a horizontal merger. Also in 2019, the wages of dentists increased globally. This increase was particularly high in the UK where dentists received, on average, a 25% wage rise.
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4(a)[2]
4(b)[4]
4(c)[6]
4(d)[8]
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