Economics Multiple Choice Question – 1 May 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 does the assumption ‘ceteris paribus’ mean when economists analyse the way in which the quantity demanded of a good changes?

Select ONE answer:

  1. Changes in quantity demanded can cause changes in any of the other variables.
  2. Consumer preferences are always assumed to remain unchanged.
  3. Only one variable is assumed to change while the others remain the same.
  4. Several variables change simultaneously.

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 3

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

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