Economics Multiple Choice Question – 25 August 2018

________ can prevent the efficient allocation of resources.

Select ONE answer:

1. Competitive markets 
2. Marginal cost
3. The equilibrium price
4. Price floors

Explain how firms respond to a change in demand:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 4

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