A-LevelEconomicsThe price system and the microeconomy9708/12 · Oct/Nov 2022 · Q141 Mark
The table shows Lee's and Yim's price elasticity of demand for restaurant meals and cinema tickets. There is a rise in the price of both products. What can definitely be concluded after these price changes?
ARestaurant owners will receive more income.
BLee will spend more money on both products.
CYim will spend more money on both products.
DCinema owners will receive less income.
✓ Correct answer
C: Yim will spend more money on both products.
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