Economics Multiple Choice Question – 18 January 2018

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

The observation that the demand curve for grape jelly shifted rightward every time the price of peanut butter fell means that grape jelly and peanut butter are?

Select ONE answer:

  1. Complements
  2. Substitutes
  3. Normal goods
  4. Inferior goods

What is meant by “the substitution effect”?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 1

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