CIPS Exam A6 Topic 1 Question 16 Discussion

Actual exam question for CIPS's A6 exam

Question #: 16
Topic #: 1

Which of the following statements is correct about the relationship between supply and demand? (2 marks)

AWhen the price of a product is high, the quantity demanded will be high and the quantity supplied will be low

BWhen the price of a product is low, the quantity demanded will be low and the quantity supplied will be high

CWhen the price of a product is high, the quantity demanded will be low and suppliers will be more willing to supply products

DWhen the price of a product is low, the quantity demanded will be high and suppliers will be less willing to supply products.

Show Suggested Answer

Suggested Answer: C

by Tonette at May 05, 2022, 11:52 AM

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