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Using the demand and supply analysis, predict the changes in the demand and supply curve based on the following situation: An increased tax is imposed

Using the demand and supply analysis, predict the changes in the demand and supply curve based on the following situation:

  1. An increased tax is imposed on cigarettes in the cigarette industry

(6 marks)

  1. A breakthrough in meat processing technology in the satay market

(6 marks)

  1. An increase in taxi fares for Grab in the e-hailing market in Kota Kinabalu

(6 marks)

  1. A change in the preference for credit cards after the announcement of the use of cashless payments in government agencies.

(6 marks)

  1. The increase in the wages for automobile workers in the car industry.

(6 marks)

  1. An expected rise in the price of houses in 2024 on consumers.

(6 marks)

TOTAL 30 MARKS

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