Economics (AS & A Level) · May / June 2026 · Paper 14 · Question 8
The diagram represents the market for electric cookers. What is likely to explain the change in the equilibrium from point X to point Y?
- Aa fall in the price of electric cookers
- Ban increase in a specific tax on electric cookers
- Can increase in the number of households
- Dan increase in the price of electricity
As printed in the paper
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Correct answer: C. an increase in the number of households
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