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Economics · May / June 2024 · Paper 11 · Question 6

2281Price changes

What could cause the price of tea to increase?

  1. Adecrease in the demand for tea
  2. Bdecrease in the price of a substitute good
  3. Cincrease in the price of a substitute good
  4. Dincrease in the supply of tea

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Correct answer: C. increase in the price of a substitute good

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