Economics Multiple Choice Question – 22 May 2018

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

Economics

To maximise its revenue……?

Select ONE answer:

  1. a firm facing inelastic demand should always raise its price. 
  2. a firm should always charge the highest price possible regardless of the elasticity of demand.
  3. a firm facing elastic demand should always raise its price.
  4. None of the above answers is correct.

What is the implication for firms of changes in taxation?

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

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

The answer is 1

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Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor

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