Question 15
Question 15 of 30
Question image for Q15
You can solve this MCQ to see its answer, but your attempt won't be logged unless you login
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. The Macroeconomy (AS L...
4.1. National income statistics

adjustment of measures from market prices to basic prices

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...
2.5. Consumer and producer surplus

significance of price elasticity of demand and of supply in determining the extent of these changes