A-LevelEconomicsThe price system and the microeconomy9708/12 · Feb/Mar 2019 · Q81 Mark
The table shows Shanaz's and Sunil's price elasticity of demand for restaurant meals and theatre tickets. There is a rise in the price of restaurant meals and a fall in the price of theatre tickets. What can be concluded after these price changes?
ARestaurant owners will receive more income.
BShanaz will spend more money on both theatre tickets and restaurant meals.
CSunil will spend more money on both theatre tickets and restaurant meals.
DTheatre owners will receive less income.
✓ Correct answer
B: Shanaz will spend more money on both theatre tickets and restaurant meals.
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