Business Studies Multiple Choice Question – 5 August 2020

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

Business Studies
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Lucy imports high quality pasta from Southern Italy for sale at his delicatessen in Stafford.

The exchange rate between the pound (£) and the euro (€) is important for Lucy.

She buys 100 kg of pasta every month. The price of pasta is €5 per kg.

Pasta is made from wheat.

In 2019, good weather led to a large increase in the wheat harvest.

Which of the following is the most likely effect of this increase?

 

Select ONE answer:

  1. The price of wheat will fall.
  2. Lucy will have to pay more for her pasta.
  3. The cost of wheat will rise.
  4. The demand for wheat will fall.

 

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

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

This multiple-choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 1

 

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Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor

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