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O-LevelEconomicsThe allocation of resources2281/12 · May/June 2024 · Q51 Mark

What is likely to cause an extension in demand for a firm's fruit drink?

Aperiod of hot weather
Breduction in the cost of producing the drink
Crival firm leaving the market
Dsuccessful advertising campaign by the firm

✓ Correct answer

B: reduction in the cost of producing the drink

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About this question

Topic
The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, May/June 2024 Paper 1 Variant 2, question 5.

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