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Question and answer: Monopolistic competition

EXAM-STYLE QUESTIONS

Questions on the UK housing market

Steve Stoddard presents a series of exam-style questions on topics covered in articles featured in this issue of Economic Review. Answers to these questions can be found online at EconomicReviewExtras

Table 1 Economic data for the UK housing market (2020–22)

Go to www.hoddereducation.co.uk/economicreviewextras for answers to these questions

1 Using Figure 3 from the article on monetary policy and the housing market, calculate the approximate percentage change in the average UK monthly house price between January 2010 and January 2023. Give your answer to one decimal place. (2 marks)

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Previous

Greedflation

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Question and answer: Monopolistic competition

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