Economics Multiple Choice Question – 13 December 2018

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

If a perfectly competitive industry has external diseconomies, then the long-run supply curve is ……. ?

Select ONE answer:

  1. perfectly inelastic.
  2. positively sloped.
  3. perfectly elastic.
  4. negatively sloped.

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

This multiple choice question is suitable for Economics KS5 classes.

The answer is 2

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