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Economics · Oct / Nov 2024 · Paper 12 · Question 7

2281Price changes

Which changes would move the equilibrium in the diagram from point X to point Z?

  1. Aa decrease in demand with a decrease in supply
  2. Ba decrease in demand with an increase in supply
  3. Can increase in demand with a decrease in supply
  4. Dan increase in demand with an increase in supply

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Correct answer: C. an increase in demand with a decrease in supply

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