Economics Multiple Choice Question – 18 September 2021

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

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Which combination of events is most likely to leave the demand curve for a normal good in the same position?

Select ONE answer:

  1. a decrease in consumer incomes and an increase in the price of a substitute good
  2. a decrease in consumer incomes and an increase in the price of the good
  3. an increase in consumer incomes and an increase in the price of a substitute good
  4. an increase in consumer incomes and an increase in the price of the good

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 1

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

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