How does a competitive market work? – Séance 3 – Anglais.Best

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- Collège
  - A Working Holiday
  - Video Games : A Billion Euro Industry
- Lycée
Grammaire
- Cycle 4
  - Le groupe verbal
    - Pouvoir et permettre avec CAN
    - Conseiller en utilisant SHOULD ou OUGHT TO
Vocabulaire
- Cycle 4
  - Les goûts et les dégoûts
- Lycée
  - Connecteurs logiques

How does a competitive market work? – Séance 3

How does a competitive market work? – Séance 3

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Question 1 de 10

1. Question
What is the response of consumers to an increase in petrol prices?
- To travel less.
- To work less.
- To work more.
- To travel more.
Exact

Inexact
Question 2 de 10

2. Question
What is the response of businesses to an increase in petrol prices?
- To convince the shareholders to suffer the cost.
- To pass the cost onto the consumer.
- To decrease its overall workload.
- To increase its fleet of vehicles.
Exact

Inexact
Question 3 de 10

3. Question
When price increases, the quantity demanded increases.
- True
- False
Exact

Inexact
Question 4 de 10

4. Question
When price decreases, the quantity supplied increases.
- True
- False
Exact

Inexact
Question 5 de 10

5. Question
When price decreases, the quantity demanded increases.
- True
- False
Exact

Inexact
Question 6 de 10

6. Question
When the price increases, the quantity supplied increases.
- True
- False
Exact

Inexact
Question 7 de 10

7. Question
What does a near vertical slope mean for the demand curve?
- At any demand, qD remains unchanged.
- At any supply, qD remains unchanged
- At any price, qD remains unchanged.
- At any demand, prices remain unchanged.
Exact

Inexact
Question 8 de 10

8. Question
What does a near horizontal slope mean for the demand curve?
- A large variation in the price will cause the qD to vary slightly.
- A small variation in the price will cause the qD to vary greatly.
- A small variation in the qD will cause the price to vary greatly.
- A large variation in the qD will cause the price to vary greatly.
Exact

Inexact
Question 9 de 10

9. Question
Which is NOT a determiner for demand?
- Income of consumers.
- Cost of production.
- Price of other goods.
- Consumer preferences.
Exact

Inexact
Question 10 de 10

10. Question
Which is NOT a determiner for supply?
- Price for consumers.
- Regulation.
- Cost of production.
- Technology.
Exact

Inexact

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