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Economics · Oct / Nov 2023 · Paper 12 · Question 5

2281Demand

Public transport and cars are substitute goods. The price of public transport rises. What will happen to the demand for cars?

  1. AIt will contract.
  2. BIt will extend.
  3. CIt will decrease.
  4. DIt will increase.

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Correct answer: D. It will increase.

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