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2.5.1 Causes of price changes

Topic 2.5.1 - Causes of price changes Price changes are not always what they seem This section of the Cambridge IGCSE Economics (0455) syllabus requires students to understand the causes of price changes, i.e., how price changes are caused by changes in demand and supply. 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...

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