Card 1 of 25
Why can a change in one market affect other markets?
A
A change in one market spreads to connected markets by shifting their demand or supply.
B
A change in one market only changes the government’s tax revenue by altering the market price.
C
A change in one market affects connected markets only by changing their production costs.
D
A change in one market stays within that market because demand and supply are independent.
Card 1 of 25
2.4.3 relationships between different markets Flashcards
25 flashcards on CIE Intl A Level Economics 2.4.3 relationships between different markets: the key terms and definitions you need to recall.