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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:
- An increased tax is imposed on cigarettes in the cigarette industry
(6 marks)
- A breakthrough in meat processing technology in the satay market
(6 marks)
- An increase in taxi fares for Grab in the e-hailing market in Kota Kinabalu
(6 marks)
- A change in the preference for credit cards after the announcement of the use of cashless payments in government agencies.
(6 marks)
- The increase in the wages for automobile workers in the car industry.
(6 marks)
- An expected rise in the price of houses in 2024 on consumers.
(6 marks)
TOTAL 30 MARKS
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