Question

3) Which of the factors below would not cause a rightwards shift of the demand curve for petrol cars?

A) effective persuasive advertising

B) higher disposable household income

C) imposition of a new vehicle registration tax

D) significantly higher prices of electric cars

4) What is the general outcome if there is excess demand in a market?

A) The price falls.

B) The price rises.

C) the price falls but demand rises

D) The quantity traded rises.

5) What is most likely to occur in the market for Nike sports shoes following a fall in price of Adidas sport shoes ?

A) Quantity demanded falls.

B) Quantity demanded rises.

C) The price falls and quantity demanded rises.

D) The price rises and quantity demanded falls.

Answer 1

4) B) The price rises .!!!!!!!