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1.3 Price determination in a competitive market

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Question 16

Extract B (lines 6–8) states: ‘In 2018, battery electric vehicles (BEVs) made up only 1.6% of new car registrations in the UK, but by 2023, this proportion had risen to 16.5%.’

Explain two factors that could have increased the demand for battery electric vehicles.

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1.3 Price determination in a competitive market Questions

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