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3) Which of the factors below would not cause a rightwards shift of the demand curve for petrol cars?A) effective persuasive advertisingB higher disposable household incomeC) imposition of a new vehicle registration taxD) significantly higher prices of electric cars4) 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 risesD) 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. |
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