各位考友注意了，今日帮考网为大家带来ACCAF1考试-会计师与企业（基础阶段）章节练习题(3)，快来检验一下自己的掌握程度吧。

1. What is an inferior good?

A A good of such poor quality that demand for it is very weak

B A good for which the cross elasticity of demand with a substitute product is greater than 1

C A good for which demand will fall as household income rises

答案：C

2.Consider the price and demand for flower vases. The price of cut flowers goes up sharply. Which of the following would you expect to happen?

A The demand curve for flower vases will shift to the left and their price will rise

B The demand curve for flower vases will shift to the right and their price will rise

C There will be a movement along the demand curve for flower vases and their price will go down

D The demand curve for flower vases will shift to the left and their price will go down

答案：D

3. Consider the price and demand for tickets to travel by sea ferry. The price of travelling by hovercraft (a substitute form of travel) goes up. Which of the following would you expect to happen?

A The demand curve for sea ferry tickets will shift to the left, and their price will go down. More sea ferry tickets will be sold.

B The demand curve for sea ferry tickets will shift to the right, and their price will go up. More ferry tickets will be sold.

C The demand curve for sea ferry tickets will shift to the right and their price will go down. More sea ferry tickets will be sold.

D The demand curve for sea ferry tickets will shift to the right and their price will go up. Fewer sea ferry tickets will be sold.

答案：B

4. The summer demand for hotel accommodation in London comes mainly from foreign tourists. Demand for hotel rooms in London in summer could be reduced by a fall in the price or value of which of the following?

1 US dollars

2 Aeroplane tickets

3 Sterling

A Item 1 only

B Items 1 and 2 only

C Items 2 and 3 only

D Item 3 only

答案：A

5. ABC produces a variety of soft drink. It has two competitors but all three producers use product differentiation to distinguish themselves from each other. What type of market is this?

A Perfect competition

B Monopoly

C Monopolistic competition

D Oligopoly

答案：C

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