Multiple Choice
Consider the market for new flats. What will be effect on demand and supply if flat living becomes more fashionable?
A) No shift in demand
B) A rightward shift in demand and a leftward shift in supply
C) A rightward shift in demand and no shift in supply
D) A rightward shift in demand and a rightward shift in supply
Correct Answer:
Verified
Correct Answer:
Verified
Q38: A perfectly competitive market is one in
Q39: If high street shops lower the price
Q40: When prices change and this makes customers
Q41: Which of the following might shift the
Q42: Which one of the following would shift
Q44: A surplus in a market will normally
Q45: House prices have increased more quickly than
Q46: Draw a demand and supply curve for
Q47: What are normal and inferior goods?<br>
Q48: Expectations about price changes will affect <br>A)