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Economics · Oct / Nov 2023 · Paper 12 · Question 10

2281Price changes

What causes a change in the price of a product in a free market economy?

  1. Achanges in demand and supply conditions
  2. Bchanges in external costs and external benefits
  3. Cchanges in government decisions
  4. Dchanges in the quantity of public goods

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Correct answer: A. changes in demand and supply conditions

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