You may get consumers who want very high quality services satisfied, but at a higher price. And the people who want no-frills service and cheap product will also get it at the other end of the market. So competition allows a range of variety to occur in a market. The benefit to society of competition is that it makes a major contribution to the fundamental economic issue, which is the scarcity of productive resources. It means that on the production side, there is maximum pressure to conserve the use of those scarce productive resources. On the demand side it also rations consumer demand appropriately, and it also tends to mean that the variety of consumer needs can be met.

1. From the first paragraph of the passage we can know that usually there are ()kinds of consumers who may get satisfied in a market.

A. two

B. three

C. four

2. What does “it” in the first sentence of paragraph 2 refer to()

A. fundamental economic issue

B. the scarcity of productive resources

C. The benefit of competition

3. The sentence in paragraph 1“So competition allows a range of variety to occur in a market” means ().

A. competition makes the market supply various products and services

B. competition makes a lot of things occur in a market

C. competition makes different things occur in a market

4. On the demand side competition also ()appropriately.

A. meets consumer needs

B. makes consumer rational

C. makes consumer satisfied

5. The best title of this passage is ().

A. Fundamental Economic Issue

B. The Benefit of Competition

C. Consumer Demand and Market