A-LevelEconomicsThe price system and the microeconomy9708/12 · May/June 2021 · Q91 Mark
The diagram shows the market for meat in equilibrium at X. The cost of producing meat rises and there is a trend for consumers to change from meat to a vegan (non-animal) diet. What is the new market equilibrium? [Figure 9.1]
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✓ Correct answer
A: A
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