Question 17
Question 17 of 40

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No letter options?
Older MCQs might not have the typical A, B, C, D choices. They have choices 1, 2, 3, and a combination of them is the answer. Below is the key that maps such combinations to the answer.
A 1, 2 and 3 are correct
B 1 and 2 only are correct
C 2 and 3 only are correct
D 1 only is correct

Topics Tested

The influences of demand and supply, relative bargaining power and government policy, including minimum wage.

Influences to include demand for the product, the price of different factors of production, their availability and their productivity.