Economics Multiple Choice Question – 9 March 2018

A decrease in the demand for beef because of concerns over cholesterol will result in ……?

Select ONE answer:

1. An offsetting increase in the demand for beef if the price of beef falls.
2. Higher beef prices.
3. An increase in the supply of beef.
4. Lower beef prices.

What is meant by the business objective of “market share”?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 4

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