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Economics (AS & A Level) · Oct / Nov 2024 · Paper 11 · Question 16

9708Price stability

What is most likely to cause the price level to rise? An increase in

  1. Aproductivity of labour.
  2. Braw material prices.
  3. Cincome taxes.
  4. Dsubsidies paid to producers.

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Correct answer: B. raw material prices.

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