Economics Multiple Choice Question – 4 March 2018

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”?

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

The answer is 2

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