IGCSE Microeconomic Questions Edexcel

Why would the government privatize a business?

which is not a reason why businesses do not always profit maximise?

what is the formula for PED?

Which is not a method used by the government to deal with externalities

what is not a factor that impacts supply?

the income elasticity of a normal good is ....

Unitary Price Elasticity of Demand is 1?

A luxury burger has a positive price elasticity of demand

what is not a factor that causes a shift in demand?

What is the underlying assumption about businesses?

Which is not a factor of production?

if price increases by 12% and supply increases by 32%, what is the PES?

A PED figure calculation is always negative

what does not impact the PED of an item?

Which factor does not impact PES?

Which of the following is not related to land

What nymber would you expect to see if a luxury item?

what is the underlying assumption about consumers?

What is not part of a public good?

If price increases from £2.00 to £3.00 and demand falls from 6,000 to 4,000 what is the PED?