Economics Multiple Choice Question – 22 August 2018

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

John receives consumer surplus on the new computer he buys if …….

Select ONE answer:

  1. the price of the computer is marked down by 25 percent.
  2. the price of the computer is less than the marginal benefit he receives from buying the computer.
  3. the price of the computer is equal to his willingness to pay for the computer.
  4. he pays for the computer with money he earned from the stock market.

Explain the limitations of the supply and demand model and its predictions:

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

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

The answer is 2

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.