Multiple Choice Questions: 5. Which of the following will not cause a shift in the demand curve for tea? (a) a decrease

[answerhappygod]

Multiple Choice Questions:
5. Which of the following will not cause a shift in the demandcurve for tea?
(a) a decrease in the price of milk, a complement(b) an increase in the price of tea(c) an increase in the price of coffee, a substitute(d) an increase in the number of people drinking tea
6. Which of the following is not a protectionist measure?
(a) Tariffs(b) Quotas(c) Export subsidies(d) Privatisation
7. The balance on the current account of the BOP reflects …
(a) All the sales and purchases of goods and services in and out ofthe country(b) Sales of goods and services to other countries(c) Purchases of goods and services from other countries(d) The net gold and foreign reserves
8. The price elasticity of demand would be more elastic for….
(a) A luxury(b) A necessity(c) A good/service which has few subsidies(d) An inferior good
9. Which one of the following would not increase the demand for aproduct? And therefore shift the demand curve
(a) A change in tastes(b) A change in price(c) A change in income(d) A change in the population
10. If an increase in the price of tea causes the demand curve forcoffee to shift to the right, then…
(a) Tea and coffee are complements(b) Tea and coffee are substitutes(c) Coffee must be a normal product(d) Coffee must be a superior product