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CIMAPRA17-BA1-1 Exam - Topic 4 Question 118 Discussion

Actual exam question for CIMA's CIMAPRA17-BA1-1 exam
Question #: 118
Topic #: 4
[All CIMAPRA17-BA1-1 Questions]

A rise in the demand for petrol by motorists is likely to follow a rise in the price of:

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Suggested Answer: C

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Clement
26 days ago
True, but I still lean towards A) Steel. If steel prices rise, car manufacturing costs go up, impacting petrol demand indirectly.
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Fatima
1 month ago
D) Motor insurance could also be a factor. If insurance costs rise, people might drive less, affecting petrol demand.
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Cletus
1 month ago
I agree with B, people are buying more cars when prices go up!
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Kathrine
1 month ago
Wait, how does steel affect petrol demand? That’s a stretch!
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Olene
2 months ago
A rise in petrol demand from higher motor insurance? Sounds odd.
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Alpha
2 months ago
I think C) Public transport makes more sense, less people will use it.
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Lasandra
2 months ago
Haha, the correct answer is C) Public transport. Unless you're driving a tank, then the price of petrol doesn't really matter.
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Heidy
2 months ago
A) Steel? Really? I think the question is asking about the impact on consumer behavior, not the supply chain. Come on, people!
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Alex
2 months ago
D) Motor insurance, obviously. The higher the petrol prices, the more accidents there will be. Gotta protect yourself, you know?
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Sherell
2 months ago
I'd go with B) Second-hand cars. Who needs petrol when you can just push your car downhill?
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Dominque
3 months ago
Could it be motor insurance? I vaguely recall that if insurance costs go up, people might be more inclined to drive their cars more often.
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Denise
3 months ago
I practiced a similar question where the relationship between prices and demand was key. I guess steel doesn't really relate to petrol demand, right?
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Helene
3 months ago
The correct answer is C) Public transport. When the price of petrol rises, people are more likely to use public transportation as a cheaper alternative.
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Shaunna
3 months ago
I'm not entirely sure, but I feel like public transport might be the opposite; if it gets more expensive, people might drive more and need more petrol.
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Brent
3 months ago
Definitely B) Second-hand cars, more drivers on the road!
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Maira
4 months ago
I agree, but what about B) Second-hand cars? More cars on the road could increase petrol demand.
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Cathern
4 months ago
I think it's C) Public transport. Higher prices might push people to drive more.
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Ludivina
4 months ago
I think I remember something about how the demand for petrol might increase if second-hand cars become more expensive.
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Stevie
4 months ago
Hmm, I'm not sure. I know a rise in the price of a good usually leads to a decrease in demand, but I'm not sure how that applies here. I'll have to think it through carefully.
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Carmelina
4 months ago
I'm feeling pretty confident about this one. A rise in petrol prices would make driving more costly, so the demand for petrol should increase. The correct answer is C.
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Jennie
5 months ago
Okay, I got this. A rise in petrol prices would make driving more expensive, so people would likely switch to public transport instead. The answer has to be C.
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Ellsworth
5 months ago
I'm a bit confused on this one. I know it has something to do with the law of demand, but I'm not sure how to apply it to this specific scenario.
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Patrick
5 months ago
Hmm, this seems like a straightforward economics question. I'll need to think about how changes in the price of related goods affect demand.
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Paulina
2 days ago
I’m leaning towards B) Second-hand cars. More cars on the road could increase petrol demand.
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Edna
7 days ago
I think it’s C) Public transport. If it gets more expensive, people might drive more.
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