If a kilo of potato is priced at 40 from its usual price of P30 pesos dafter a strong typhoon, what will the situation be? a. shift of demand curve to the right b. increase in demand c. shift of demand curve to the left d. decrease in demand Taxes are an example of a. non-price factor b. price factor c. government's rights to collect d. doesn't affect the production Economics is best defined as the study of how people, businesses, governments, and societies a. choose abundance over scarcity. b.

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