Question 24
Question 24 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
4. Government and the mac...
4.3. Fiscal policy

The impact of taxation on consumers, producers, government and economy as a whole.

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.

3. Microeconomic decision...
3.7. Firms’ costs, revenue and obje...

The influence of sales on revenue.