Day: January 22, 2018

Economics Multiple Choice Question – 22 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 statements is correct?

Select ONE answer:

  1. A change in demand and change in quantity demanded means the same thing.
  2. A change in demand means a shift in the demand curve while a change in the quantity demanded means a movement along the demand curve.
  3. A change in demand means a movement along the demand curve.
  4. A change in the quantity demanded means a shift in the demand curve.

What is meant by “a substitute good”?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 2

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