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Q 1/18
Score 0
Which one of the following would shift the supply curve for a good to the left? A decrease in...
45
in demand for the good
the elasticity of supply of the good
subsidies granted to producers
the rate of growth of labour productivity
Q 2/18
Score 0
Which one of the following diagrams, A, B, C or D, shows that there is ‘excess capacity on the motorway’?
45
A
B
C
D
18 questions
Q.
Which one of the following would shift the supply curve for a good to the left? A decrease in...
1
45 sec
1.2.4
Q.
Which one of the following diagrams, A, B, C or D, shows that there is ‘excess capacity on the motorway’?
2
45 sec
1.2.7
Q.
The demand curve will shift to the left if
3
45 sec
1.2.2
Q.
The change in price from P1 to P2 and output from Q1 to Q2 could have been caused by
4
45 sec
1.2.4
Q.
The rightward shift of the supply curve from S1 to S2 could be caused by
5
45 sec
1.2.4
Q.
A market is defined as being in equilibrium when
6
45 sec
1.2.6
Q.
The abolition of betting tax led to an estimated 37% increase in sales during the last quarter at Stanley's, a chain of betting shops. Betting tax was an indirect tax on each bet placed by customers. The abolition of betting tax can be shown by the
7
45 sec
1.2.4
Q.
The diagram shows the demand for, and supply of, rail services. The shift of the curve from D1 to D2 is most likely to result from
8
45 sec
1.2.2
Q.
The diagram below illustrates the market for a good which has been the subject of government intervention. As a result, the market equilibrium has moved from point E to point F. Which one of the following is most likely to be true?
9
45 sec
1.4.1a
Q.
The increase in price of milk from P1 to P2 is most likely to be a result of
10
45 sec
1.2.6
Q.
The price of cocoa more than doubled over an 18-month period as a result of increased buying on world markets. Such a development in the cocoa market could be shown on a supply and demand diagram by
11
45 sec
1.2.2
Q.
The shift of the supply curve from S1 to S2 is most likely to have resulted from
12
45 sec
1.2.4
Q.
All other things being equal, the upward slope of the supply curve is due to
13
45 sec
1.2.4
Q.
In a typical demand schedule, quantity demanded
14
45 sec
1.2.2
Q.
Which of the following would cause a shift to the right of demand for a normal good?
15
45 sec
1.2.2
Q.
The equilibrium price in a market
16
45 sec
1.2.6
Q.
All other things being equal, supply curves slope upwards from left to right because
17
45 sec
1.2.4
Q.
A shift to the right of the supply curve for a product can be caused by
