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A6 Practice Questions

A6 Practice Questions

Question# 1

SECTION A Questions 1 - 10 are multiple choice questions. For each question, select ONE correct answer from A to D and write it in your answer booklet. You are advised to spend approximately 30 minutes on this section.

Question# 2

Q1 In economic theory, which of the following statements best describes what is available and what is wanted? (2 marks)

Question# 3

Q2 Which of the following relationships best describes a small change in demand as a result of a large change in price? (2 marks)

Question# 4

Q3 Which of the following best describes the pricing policy known as 'promotional pricing'? (2 marks)

Question# 5

Q4 Which of the following is the most likely consequence of government decreasing interest rates? (2 marks)

Note:

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A6 Practice Questions

A6 Practice Questions

Question# 1

SECTION A Questions 1 - 10 are multiple choice questions. For each question, select ONE correct answer from A to D and write it in your answer booklet. You are advised to spend approximately 30 minutes on this section.

Question# 2

Q1 In economic theory, which of the following statements best describes what is available and what is wanted? (2 marks)

Question# 3

Q2 Which of the following relationships best describes a small change in demand as a result of a large change in price? (2 marks)

Question# 4

Q3 Which of the following best describes the pricing policy known as 'promotional pricing'? (2 marks)

Question# 5

Q4 Which of the following is the most likely consequence of government decreasing interest rates? (2 marks)

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A6 EXAM

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