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1.3 Price determination in a competitive market

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Question 43

A shift to the left of the supply curve for a good or service would most likely be caused by

a reduction in the rate of indirect tax on the product.

an increase in the productivity of the workforce.

a rise in the cost of raw materials used in production.

a fall in the market price of the good itself.

1.3 Price determination in a competitive market Questions

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