Economics Multiple Choice Question – 30 April 2021

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

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What is price elasticity of supply?

Select ONE answer:

  1. the change in the quantity supplied when a price changes
  2. the change in the quantity supplied when demand changes
  3. the comparison of the proportionate change in supply to the proportionate change in demand
  4. the comparison of the proportionate change in supply to the proportionate change in price

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

This multiple choice question is suitable for Economics KS4 and KS5 classes.

The answer is 4

  1. Not correct
  2. Not correct
  3. Not correct
  4. Correct

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