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2.2 Paper 2 Exam Questions

Topic 2.2 - Paper 2 Exam Practice Questions Using an appropriate demand diagram, explain the impact on the demand for Nike sports shoes in each of the following cases. [4] [4] [4] Answers (a) A fall in the average price of Adidas sports shoes. [4] This would cause a leftwards shift in the demand curve for Nike sports shoes [1] because, all things being equal, consumers would switch to the relatively cheaper rival...

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