Day: July 12, 2018

Economics Multiple Choice Question – 12 July 2018

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

Short-run supply is usually ________ elastic than momentary supply and ________ elastic than long-run supply?

Select ONE answer:

  1. less; more
  2. more; more 
  3. more; less
  4. less; less

Explain how changes in the costs of production may cause a shift in the supply curve:

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

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

The answer is 3

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