Economics Multiple Choice Question – 12 March 2018

If demand increases and supply decreases, what is the effect on equilibrium price and equilibrium quantity?

Select ONE answer:

1. The price rises and the quantity might increase, decrease or remain the same.
2. The quantity increases and the price might rise, fall, or remain the same.
3. The quantity decreases and the price might rise, fall, or remain the same.
4. The price falls and the quantity might increase, decrease, or remain the same.

What is meant by the business objective of “employee welfare”?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 1

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