Economics Multiple Choice Question – 10 July 2018

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

If the supply curve is vertical then supply is ……. ?

Select ONE answer:

  1. relatively elastic.
  2. relatively inelastic
  3. perfectly inelastic.
  4. perfectly elastic. 

What is the implication on supply of producer objectives and decisions?

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

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

The answer is 3

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