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1.2.6 Price determination

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Question 1

Discuss likely reasons why the prices of services at private veterinary clinics are increasing. Draw a supply and demand diagram to support your answer.

An example of the type of market equilibrium diagram expected is shown below:

Supply and Demand Diagram

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1.2.6 Price determination Questions

  1. A Level
  2. /Economics
  3. /1.2.6 Price determination