Economics 0455 · IGCSE · Supply

Supply — practice question

A number of small energy suppliers have gone out of business because costs have increased. What is the most probable impact of this on energy prices and the range of energy suppliers available to consumers, if the government does not intervene?

  • Aprice of energy decreases; choice of energy providers decreases
  • Bprice of energy decreases; choice of energy providers increases
  • Cprice of energy increases; choice of energy providers decreases
  • Dprice of energy increases; choice of energy providers increases

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