A-LevelEconomicsThe price system and the microeconomy9708/12 · May/June 2016 · Q61 Mark

The demand curve for new cars in a country shifted to the left. Which change could have caused such a shift?

Aan increase in real disposable income

Ban increase in the cost of borrowing

Can increase in the price of new cars

Dan increase in the price of train travel

✓ Correct answer

B: an increase in the cost of borrowing

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Topic: The price system and the microeconomy, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, May/June 2016 Paper 1 Variant 2, question 6.

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