Economics Multiple Choice Question – 9 August 2018

If the demand for a good is elastic, that means that when price increases…..

Select ONE answer:

1. the quantity demanded will decrease by a greater percentage than the price increase.
2. the quantity demanded will decrease by a smaller percentage than the price increase. 
3. the demand will decrease.
4. the quantity demanded will increase.

Explain how indirect taxes may cause a shift in the supply curve:

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

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

The answer is 4

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