【ACCA选择题】
第一题:Consider the price and demand for flower vases.The price of cut flowers goes up sharply.Which of the following would you expect to happen?
A The demand curve for flower vases will shift to the left and their price will rise
B The demand curve for flower vases will shift to the right and their price will rise
C There will be a movement along the demand curve for flower vases and their price will go down
D The demand curve for flower vases will shift to the left and their price will go down
第二题:Consider the price and demand for tickets to travel by sea ferry.The price of travelling by hovercraft(a substitute form of travel)goes up.Which of the following would you expect to happen?
A The demand curve for sea ferry tickets will shift to the left,and their price will go down.More sea
ferry tickets will be sold.
B The demand curve for sea ferry tickets will shift to the right,and their price will go up.More ferry
tickets will be sold.
C The demand curve for sea ferry tickets will shift to the right and their price will go down.More
sea ferry tickets will be sold.
D The demand curve for sea ferry tickets will shift to the right and their price will go up.Fewer sea
ferry tickets will be sold.
第一题:【D】Rationale:Coffee and tea are substitute products.Thus,a fall in the price of coffee will result in higher demand for coffee and lower demand for its substitute product,tea.The price of tea might therefore fall.Demand for drinking cups is probably insufficiently related to the consumption of coffee to make them a complementary product to coffee.Even so,lower coffee prices would be
likely to raise the demand for drinking cups rather than reduce it.
第二题:【C】Rationale:The term'inferior good'is a technical term in economics.An example of such a good might be small'starter'homes.