O-LevelEconomicsThe allocation of resources2281/11 · May/June 2017 · Q61 Mark

A football club raises all stadium seat prices by 5%. The stadium is divided into four zones. The demand for seats falls by 1% in zone W, by 3% in zone X, by 5% in zone Y and by 6% in zone Z. In which zone is the responsiveness of demand for seats to the price change elastic?

Azone W

Bzone X

Czone Y

Dzone Z

✓ Correct answer

D: zone Z

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Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2017 Paper 1 Variant 1, question 6.

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