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Free CIMAPRA17-BA1-1 Exam Braindumps (page: 36)

Page 35 of 118
PDF with 468 Questions

Which of the following is likely to cause the demand curve of margarine to shift to the left?

  1. A fall in the price of margarine
  2. A fall in the cost of vegetable oils
  3. A successful advertising campaign by butter producers
  4. A fall in the price of bread

Answer(s): C



A rise in the demand for petrol by motorists is likely to follow a rise in the price of:

  1. Steel
  2. Second-hand cars
  3. Public transport
  4. Motor insurance

Answer(s): C



If the price of a good is held above the equilibrium price, the result will be

  1. a shortage in the market
  2. a surplus in the market
  3. excess demand for the good
  4. an increase in the demand for the good

Answer(s): B



In a market economy, prices act as all of the following except which one?

  1. Signals to consumers about costs
  2. Signals to producers about consumer preferences
  3. A substitute for barter
  4. A means of allocating scarce resources

Answer(s): C






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