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2.6.1 Causes of price changes

Unit 2.6.1 - Causes of price changesThis section of the Cambridge IGCSE Economics (0455) syllabus requires students to understand the causes of price changes, namely changing market conditions as causes of price changes.Changes in market conditions refer to changes in non-price factors that affect demand and/or supply. This will cause a shift in either the demand for or supply of the given product. For example:

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