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1.3 Price determination in a competitive market

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Question 13

Which one of the following would cause the supply curve for a good to shift to the left?

A fall in the price of a complementary good

An increase in the productivity of labour in the industry

An increase in the rate of indirect tax levied on the good

A rise in the market price of the good

1.3 Price determination in a competitive market Questions

  1. A Level
  2. /Economics
  3. /1.3 Price determination in a competitive market