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House price latest

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House prices up by 6.9%.

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Model agencies collude to fix rates

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Regulators find leading model agencies guilty of price fixing.

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If the price of a product changes it will result in a new quantity supplied and a movement along the existing supply curve.

However, if another ‘determinant of supply’ changes it will result in a shift of the supply curve to a new position, to the right (an increase) or to the left (decrease).

In the following cases, draw an original supply curve (S) and a new supply curve to the left or right, and label it S1.

  1. The supply of economics textbooks following a fall in the cost of printing.

  2. Ice cream, following a rise in the cost of milk.

  3. Underground (metro) travel following a strike by train drivers.

  4. The world supply of oil following the discovery and refining of large oil reserves in Russia.

  5. The supply of wine from France following the imposition of a tax on imported wine.

  6. The supply of bread in an economy following the granting of a subsidy by the government to bread producers.


Alternative finance

alternative finance

Report on the growth of alternative finance.

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GDP latest

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UK grows by 0.3% in 1st quarter of 2017.

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Customs unions

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Costs and benefits of customs unions.

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New materials

multiple choice

Multiple choice papers for Paper Three.

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Brexit update

Article 50

What trading options are available to the UK?

Savings ratio

Savings ratio

Savings ratio falls to lowest level on record.

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Tax avoidance

Double Irish - and a Dutch Sandwich more..

US rates

The OECD presents its final package for reform of international tax rules..more

Bank of England - cuts interest rates to 0.25%..more.

OECD - reducing income inequality will boost growth..more