GCE Economics 2025 Objective — Question 33
Question 33 of 60 from the General Certificate of Education (GCE) Economics 2025 Objective paper, with the correct answer and a full explanation.
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The following are factors that determine the price of commodity except
- A. fall in the price of commodityCorrect
- B. high tax rate
- C. inadequate capital
Explanation
A fall in the price of a commodity is itself the outcome, not a cause; high tax rate, inadequate capital, low bank rate and small market size are all constraints on firm growth affecting price.
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