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O-LevelEconomicsMicroeconomic decision makers2281/12 · Oct/Nov 2018 · Q111 Mark

Petrol (fuel) retailers in a country have noticed a sharp increase in sales in August when many people take their holidays. Why might this take place?

AConsumers' demand curve for petrol shifts to the left in August.
BConsumers' demand curve for petrol shifts to the right in August.
COil refineries increase their output in August.
DTravel companies increase their hotel prices in August.

✓ Correct answer

B: Consumers' demand curve for petrol shifts to the right in August.

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About this question

Topic
Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, Oct/Nov 2018 Paper 1 Variant 2, question 11.

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