A-LevelEconomicsThe price system and the microeconomy9708/12 · May/June 2020 · Q91 Mark
An economy is suffering from a housing shortage. The demand for housing continues to rise as real incomes increase and more construction firms enter the market to build more houses. Which diagram represents this situation?
This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.
A[Diagram A]
B[Diagram B]
C[Diagram C]
D[Diagram D]
✓ Correct answer
A: [Diagram A]
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