Other questions in this quiz

2. What is price elasticity of supply?

  • price elasticity of supply (PES) measures the relationship between change in quantity supplied and change in price
  • measures the relatioship between Prince harry and megan markle
  • measures the relationship between supply and demand and equilibrium

3. What is a want?

  • A diamond necklace
  • Yet another Random Econ topic
  • A good or service that we desire or wish for
  • something that is needed

4. What is a need?

  • something that is wanted
  • A good or servise that is required
  • something that isnt needed
  • some random Econ Topic

5. What are the Economic groups?

  • taxis, trains and planes
  • core, ground and sky
  • consumer, producer and government
  • builder, factory, lorry drivers

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