Economics Multiple Choice Question – 21 August 2018

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

A supply curve that is horizontal reflects a supply that …….

Select ONE answer:

  1. is elastic
  2. is unit elastic
  3. is inelastic
  4. has a zero elasticity

Explain the use of the supply and demand model to show how shifts in demand and supply curves cause the equilibrium price and quantity to change in real-world situations:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 1

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