Question 11
Question 11 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
2. The allocation of reso...
2.3. Demand

The causes of shifts in a demand curve with appropriate terminology, for example increase and decrease in demand.

2. The allocation of reso...
2.6. Price changes

Changing market conditions as causes of price changes.

3. Microeconomic decision...
3.6. Firms and production

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