Economics Multiple Choice Question – 26 August 2018

The decrease in consumer surplus and producer surplus that results from an inefficient level of production is called the ….

Select ONE answer:

1. external benefits
2. big tradeoff
3. external cost
4. deadweight loss

Explain how the price mechanism works in the context of mass markets:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 4

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