Economics Multiple Choice Question – 2 March 2018

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

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