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A-LevelEconomicsThe price system and the microeconomy9708/12 · Oct/Nov 2015 · Q101 Mark

Which business is likely to be the slowest to alter its output in response to a sustained increase in demand for its product?

Afast-food restaurant
Bhousehold cleaning service
Cnewspaper printer
Dan oil exploration company

✓ Correct answer

D: an oil exploration company

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About this question

Topic
The price system and the microeconomy, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source
A-Level Economics, Oct/Nov 2015 Paper 1 Variant 2, question 10.

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