Day: May 1, 2023

What explains the slope of an individual’s demand curve for a normal good?

Select ONE answer:

1. market imperfections
2. the law of variable proportions
3. diminishing returns
4. diminishing marginal utility

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

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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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