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You must submit your assessment file(s) by zo April 17:24 00 am UK Time. 1 5G Now proceed to answer the examination questions below. Part

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You must submit your assessment file(s) by zo April 17:24 00 am UK Time. 1 5G Now proceed to answer the examination questions below. Part A - Multiple Choice Questions (2.5 mark per question = 10 marks total) Please answer ALL of the following questions. 1. 15% increase in the price of Good A leads to an increase in demand for Good B of 30 %. Example of these two goods could be a. cereal and milk. b. Burger and chips c. DVD and DVD player. d. pizza and burger. 2. Refer to figure below, if the price is $15 (18 E15 $12 19 66 D 100 200 300 400 1500 a. there would be a surplus of 200 units. b. there would be a surplus of 300 units. c. there would be a shortage of 200 units. d there would be a shortage of 300 units

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