Economics Multiple Choice Question – 2 March 2018

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

If the price of chocolate chip cookies falls, then ………?

Select ONE answer:

  1. The supply curve of chocolate chip cookies would shift leftward.
  2. There would be a movement downward along the supply curve of chocolate chip cookies.
  3. The supply curve of chocolate chip cookies would shift rightward.
  4. There would be a movement upward along the supply curve of chocolate chip cookies.

What is meant by “the problem of scarcity”?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 2

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.