Economics Multiple Choice Question – 11 August 2018

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

If the demand curve is a downward sloping straight line, the price elasticity of demand always …..

Select ONE answer:

  1. decreases with movements upward to the left along the demand curve.
  2. increases as the demand curve shifts leftward.
  3. increases with movements upward to the left along the demand curve.
  4. increases as the demand curve shifts rightward.

Explain how changes in the number of firms in an industry 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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