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Economics · Oct / Nov 2023 · Paper 12 · Question 9

2281Price changes

Good weather results in an increase in the demand for tomatoes. It also increases the supply of tomatoes. What must be a result of this?

  1. AThe price of tomatoes will fall.
  2. BThe price of tomatoes will rise.
  3. CThe quantity of tomatoes traded will fall.
  4. DThe quantity of tomatoes traded will rise.

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Correct answer: D. The quantity of tomatoes traded will rise.

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