CIMA Fundamentals of Business Economics BA1 Question # 64 Topic 7 Discussion

CIMA Fundamentals of Business Economics BA1 Question # 64 Topic 7 Discussion

BA1 Exam Topic 7 Question 64 Discussion:
Question #: 64
Topic #: 7

Which of the following statements that refer to the price mechanism is not true?


A.

Imperfect market information may prevent the market working efficiently


B.

Trading can only take place at equilibrium prices in a market economy


C.

A fall in the relative price of a good tends to attract consumers to buy that good instead of other goods


D.

In a market economy some essential goods may not be produced.


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