Economics (AS & A Level) · Oct / Nov 2022 · Paper 13 · Question 8
9708Price elasticity, income elasticity and cross elasticity of demand
The diagram shows the relationship between total expenditure and price for three products, 1, 2 and 3. Which curves represent the products with price-elastic and unitary price-elastic demand?
- A1, 2
- B2, 3
- C3, 1
- D3, 2
As printed in the paper
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Correct answer: C. 3, 1
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