Economics Multiple Choice Question – 5 July 2018

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

The income elasticity of demand is a measure of the responsiveness of …..?

Select ONE answer:

  1. the consumer’s income to a change in the price of the goods he or she consumes.
  2. the quantity of a good demanded to changes in another good’s price.
  3. the quantity of a good demanded to changes in its price.
  4. the quantity of a good demanded to changes in income.

Explain how changes in real incomes may cause a shift in the demand curve:

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

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

The answer is 4

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