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Economics (AS & A Level) · May / June 2021 · Paper 11 · Question 7

9708Demand and supply curves

What is necessary for demand for a good to be effective?

  1. AThe consumer must have the ability to buy the product.
  2. BThe consumer must receive consumer surplus.
  3. CThe good must be sold in the private sector of the economy.
  4. DThere must be a successful advertising campaign.

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Correct answer: A. The consumer must have the ability to buy the product.

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