VAT Increase will cost Families 400 pounds a Year

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Information Technology (IT), Architecture, Business
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University
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Hard
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one reason retailers might choose to increase prices on January 4th?
To clear out old stock
To align with the VAT increase
To celebrate the New Year
To compete with online sales
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did the VAT increase affect shopping behavior at the Blue Water Center?
It resulted in a record number of customers
It caused a protest outside the center
It had no noticeable effect
It led to a decrease in customers
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What decision did some small retailers make regarding the VAT increase?
They decided to close their stores
They offered discounts to offset the VAT
They chose not to pass the increase to customers
They increased prices by more than the VAT rate
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the economic goals of the VAT increase?
To reduce inflation
To raise funds for Britain's deficit
To encourage more imports
To lower energy prices
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did the public generally feel about the VAT increase?
They were supportive
They were indifferent
They were displeased
They were unaware
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