Economics Multiple Choice Question – 9 August 2018

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

Economics

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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Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor

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