Economics Multiple Choice Question – 8 July 2018

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

The concept of elasticity of supply measures the responsiveness of the ……. ?

Select ONE answer:

  1. quantity supplied to a change in price.
  2. quantity demanded to a change in quantity supplied.
  3. price to a change in quantity supplied.
  4. quantity supplied to a change in quantity demanded.

Explain how changes in advertising and branding may cause a shift in the demand curve:

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

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

The answer is 1

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