lestions
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Reading 1/1:
4) Which of the following statements is NOT true about price hikes?
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A. Price hikes encourage supplies to be moved to places that have higher demand.
B. Price hikes reduce the pressure on supplies.Price hikes help raise public awareness about scarcity.
D. Price hikes make it more difficult for people to recover from disasters.
5) Artificially low prices...
A. limit artificial shortages.B. reduce both demand and supply.
C. help balance demand and supply.
D. make customers stock more than they need.
6) What does "price-gouging" mean?
A. suppressing prices
Next Question
restraining prices during natural disasters C. increasing prices for essential goods and services
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D. creating artificially low prices
7) The example of gasoline sold during a storm shows that
sometimes water is more expensive than petrol.
TABCD A.
the government can fix prices without problems.renewable energy is better than gasoline.
higher prices encourage people to use less.
According to the last paragraph, what is the author's view on price increases during natural disasters?Price increases are necessary to encourage people to cope with natural disasters in a creative way.
ABCD
Price increases have no impact on natural disasters and are therefore irrelevant.
Price increases can be problematic for consumers and should only be used in extreme cases.
D. Price increases should be avoided during natural disasters to prevent problems for consumers.
antoni
