A-LevelEconomicsThe price system and the microeconomy9708/12 · Feb/Mar 2018 · Q61 Mark
The diagram shows how the quantity demanded of four goods changes as income changes. Which good has an income elasticity of demand which is always +1?
This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.
A[Diagram A]
B[Diagram B]
C[Diagram C]
D[Diagram D]
✓ Correct answer
C: [Diagram C]
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill The price system and the microeconomy and see which topics are most likely to come up next.
Sign up free →