Question 6
Question 6 of 30
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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
2. The allocation of reso...
2.6. Price changes

Demand and supply diagrams to be used to illustrate these changes in market conditions and their consequences for equilibrium price and sales.

2. The allocation of reso...
2.4. Supply

A supply curve to be drawn and used to illustrate movements along a supply curve with appropriate terminology, for example extensions and contractions in supply.

2. The allocation of reso...
2.8. Price elasticity of supply (PE...

Drawing and interpretation of supply curve diagrams to show different PES.