Economics Multiple Choice Question – 7 July 2018

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

Inferior goods are goods ……. ?

Select ONE answer:

  1. are consumed only by people with inferior taste.
  2. for which the demand increases when income increases.
  3. that are inferior in quality.
  4. that have a negative income elasticity of demand.

Explain how changes in tastes and fashions 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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