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Case Study Analysis on Economic Principles ECO10001

   

Added on  2023-06-10

8 Pages736 Words86 Views
1
CASE STUDY ANALYSIS
ECONOMIC PRINCIPLES ECO10001

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Table of contents
Scenario 1...................................................................................................................................3
Scenario 2...................................................................................................................................5
Reference....................................................................................................................................8

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Scenario 1
Task 1
1. a The initial equilibrium
Figure 1: The petrol market in the year 2015
(Source: Developed by the learner)
The above figure shows the equilibrium price and quantity of cars on the market before the
change in the price of petrol.
b. The changed equilibrium

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