Day: March 7, 2018

If the UK Medical Council announces that increased wheat consumption could cause heightened anxiety levels among children and adults, what happens to the equilibrium price and quantity of Nestlé’s Shredded Wheat?

Select ONE answer:

1. The equilibrium price falls and the equilibrium quantity decreases.
2. The equilibrium price rises and the equilibrium quantity increases.
3. The equilibrium price rises and the equilibrium quantity decreases.
4. The equilibrium price falls and the equilibrium quantity increases.

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

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

The answer is 1

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