Economics Multiple Choice Question – 23 May 2018

Which goods have more elastic demands?

Select ONE answer:

1. goods which are necessities
2. goods with few substitutes
3. goods whose purchase represents a small percentage of income
4. goods with many substitutes

What is the implication for firms of changes in unemployment?

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

The answer is 4

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