The BBC reports a decrease in the subsidy on petrol in Vietnam
http://news.bbc.co.uk/1/hi/business/7517944.stm
a) Using a S&D diagram, explain why the reduced subsidy will lead to an increase in the price of petrol
b) Will the price rise by most of the reduction in the value of the subsidy, or not? Explain your answer
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment