Question 23
Question 23 of 30
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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. The Macroeconomy (AS L...
4.6. Price stability

measurement of changes in the price level: consumer price index (CPI), possible difficulties in measurement

2. The price system and t...
2.3. Price elasticity of supply

significance of relative percentage changes, the size and sign of the coefficient of price elasticity of supply

2. The price system and t...
2.2. Price elasticity, income elast...

significance of relative percentage changes, the size and sign of the coefficient of: price elasticity of demand, income elasticity of demand, cross elasticity of demand