Economics Multiple Choice Question – 20 August 2018

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

The income elasticity of demand is ________ for a normal good and ________ for an inferior good .…….

Select ONE answer:

  1. positive; negative
  2. negative; negative
  3. positive; positive
  4. negative; positive

Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 1

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