Economics Multiple Choice Question – 20 May 2018

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

Demand curves with which of the following shapes will have constant elasticities at every point?

Select ONE answer:

  1. demand curves that are perfectly horizontal lines
  2. demand curves that are perfectly vertical lines
  3. demand curves that are rectangular hyperbolas
  4. all of the above

What is the implication for firms of changes in interest rates?

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

The answer is 4

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