Economics Multiple Choice Question – 4 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 lumber rises, then, in the market for sawdust, then …….?

Select ONE answer:

  1. There would be a movement downward along the supply curve for sawdust.
  2. The supply curve of sawdust shifts rightward.
  3. The supply curve of sawdust shifts leftward.
  4. There would be a movement upward along the supply curve for sawdust.

What is meant by “the importance of opportunity costs to consumers”?

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

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

The answer is 2

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