Day: January 17, 2018

Economics Multiple Choice Question – 17 January 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Which of the following would lead to a movement along, but NO shift in, the demand curve for spinach?

Select ONE answer:

  1. A newly discovered increase in the nutritional value of spinach
  2. An increase in the price of broccoli, a substitute for spinach
  3. An increase in income for all spinach lovers
  4. Disastrous weather that destroys about half of this year’s spinach crop

What is meant by “a veblen good”?

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Economics KS5 classes.

The answer is 4

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