Economics Multiple Choice Question – 16 May 2018

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

To determine the effect a 25 percent increase in the price of apples has on the number of apples demanded, you must know the value of the ……?

Select ONE answer:

  1. Cross-elasticity of demand.
  2. Price elasticity of demand.
  3. Income elasticity of demand.
  4. Price elasticity of supply.

What are the advantages and disadvantages to employers and employees of “Division of Labour”?

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 2

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