Economics (AS & A Level) · May / June 2022 · Paper 14 · Question 9
9708Price elasticity, income elasticity and cross elasticity of demand
Each day there are hundreds of airline flights. Which combination would make the demand for flights most price-inelastic?
- Adistance of flight: long; purpose of flight: business; income of traveller: high
- Bdistance of flight: long; purpose of flight: leisure; income of traveller: low
- Cdistance of flight: short; purpose of flight: business; income of traveller: low
- Ddistance of flight: short; purpose of flight: leisure; income of traveller: high
As printed in the paper
Show the answer
Correct answer: A. distance of flight: long; purpose of flight: business; income of traveller: high
Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.