A-LevelEconomicsThe price system and the microeconomy9708/12 · Feb/Mar 2024 · Q81 Mark
The diagram shows two straight line demand curves, X and Y. [Figure 8.1] What is correct about curves X and Y?
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.
ABoth X and Y are unit price elastic over their whole length.
BBoth X and Y have the same elasticity at every price.
CX has a higher price elasticity than Y at every price.
DY is more likely to have substitutes than X.
✓ Correct answer
C: X has a higher price elasticity than Y at every price.
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