If the demand for a good is elastic, that means that when price increases…..
Select ONE answer:
- the quantity demanded will decrease by a greater percentage than the price increase.
- the quantity demanded will decrease by a smaller percentage than the price increase.
- the demand will decrease.
- the quantity demanded will increase.
Explain how indirect taxes may cause a shift in the supply curve:
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This is a multiple choice question is suitable for Economics KS5 classes.
The answer is 4
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