Commerce and Accounting · JCE / Home and foreign trade
StructuredPast exam questionForm 3 · JCE
In February 2019, the price of 500 ml milk was P5.90 and in August the same year the price was P9.90.
- aConsumer income remained the same for the year 2019. How would this change in the price of milk affect the consumers' demand for milk? [1]
- bGive a reason for your answer. [1]
You'll mark your own answer against the marking guide when you hand it in.
Source: BEC JCE Commerce and Accounting 2020, Paper 1, Question 12
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