Economics Multiple Choice Question – 21 May 2018

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

Demand is inelastic when a price ________ results in total revenue ________  ?

Select ONE answer:

  1. fall; increasing
  2. rise; decreasing
  3. rise, increasing
  4. fall, remaining the same

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

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

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

The answer is 3

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