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Economics · Oct / Nov 2018 · Paper 12 · Question 11

2281Demand

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?

  1. AConsumers’ demand curve for petrol shifts to the left in August.
  2. BConsumers’ demand curve for petrol shifts to the right in August.
  3. COil refineries increase their output in August.
  4. DTravel companies increase their hotel prices in August.

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Correct answer: B. Consumers’ demand curve for petrol shifts to the right in August.

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