Question 12
Question 12 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

effects of shifts in the AD curve and the AS curve on the level of real output, the price level and employment

relationships between different markets: joint demand (complements), alternative demand (substitutes), derived demand, joint supply