Economics (AS & A Level) · May / June 2021 · Paper 12 · Question 13
9708Price elasticity, income elasticity and cross elasticity of demand
Knowledge of which combination of demand elasticities would be relevant to a firm trying to increase its revenue?
- Aprice elasticity of demand ✓, cross elasticity of demand ✓, income elasticity of demand ✓
- Bprice elasticity of demand ✓, cross elasticity of demand ✓, income elasticity of demand ✗
- Cprice elasticity of demand ✓, cross elasticity of demand ✗, income elasticity of demand ✓
- Dprice elasticity of demand ✗, cross elasticity of demand ✓, income elasticity of demand ✓
As printed in the paper
Show the answer
Correct answer: A. price elasticity of demand ✓, cross elasticity of demand ✓, income elasticity of demand ✓
Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.