Economics (AS & A Level) · May / June 2024 · Paper 11 · Question 11
9708The interaction of demand and supply
The diagram shows the demand and supply curves for the global air cargo market. The initial equilibrium is at point X. What would the new equilibrium be if there is a global recession and an increase in fuel costs?
- AA
- BB
- CC
- DD
As printed in the paper
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Correct answer: D. D
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