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Unit 2.3 Paper 2 Exam Questions

Unit 2.3 - Paper 2 Exam Practice QuestionsUsing an appropriate demand diagram, explain the impact on the demand for Nike sports shoes in each of the following cases.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 (Adidas) product [1].

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