Economics Multiple Choice Question – 6 March 2018

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

When a market is in equilibrium, then …….?

Select ONE answer:

  1. There is no automatic tendency for either the supply curve or the demand curve to shift.
  2. There is not a surplus at the existing price.
  3. There is not a shortage at the existing price.
  4. All of the above answers are correct.

What is meant by “profit maximisation”?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 4

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