A-LevelEconomicsThe price system and the microeconomy9708/12 · Oct/Nov 2023 · Q131 Mark
What is the most likely cause of the continuous increase in prices of famous paintings by now dead artists?
Athe increasing technological ability to copy famous paintings perfectly
Bthe popular view that famous paintings are an appreciating asset
Cthe totally inelastic supply of famous paintings by dead artists
Dthe wish of governments to treat art galleries as merit goods
✓ Correct answer
B: the popular view that famous paintings are an appreciating asset
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