Economics Multiple Choice Question – 10 August 2018

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

When the percentage change in the quantity demanded is less than the percentage change in the price, then …..

Select ONE answer:

  1. demand is unit elastic.
  2. demand is elastic.
  3. demand is inelastic.
  4. the good is an inferior good.

Explain how subsidies may cause a shift in the supply curve:

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

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

The answer is 3

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