Economics Multiple Choice Question – 18 April 2023

Assume that rice is a substitute for potatoes.

If there is a decrease in the supply of potatoes, what is likely to happen to the market for rice in the short run?

Select ONE answer:

1. Demand will decrease and the price will decrease.
2. Demand will increase and the price will increase.
3. Supply will decrease and the price will increase.
4. Supply will increase and the price will decrease.

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 2

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

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