Economics Multiple Choice Question – 10 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 crude oil falls, the equilibrium price of gasoline ________ and the equilibrium quantity ________ ……?

Select ONE answer:

  1. Rises; decreases
  2. Falls; increases
  3. Rises; increases
  4. Falls; decreases

What is meant by the business objective of “cost efficiency”?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 2

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.