Day: June 7, 2025

Accounting Multiple Choice Question – 7 June 2025

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

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If potatoes are a Giffen good, then an increase in the price of potatoes will cause?

Select ONE answer:

  1. An increase in demand for potatoes
  2. A decrease in demand for substitutes for potatoes
  3. A decrease in demand for potatoes
  4. An increase in demand for substitutes for potatoes

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

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 1

  1. Correct == > If potatoes are a Giffen good, then an increase in the price of potatoes will cause an increase in demand for potatoes
  2. Not correct
  3. Not correct
  4. Not correct

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