Economics (AS & A Level) · May / June 2023 · Paper 13 · Question 11
9708Price elasticity, income elasticity and cross elasticity of demand
The table shows how an individual's weekly consumption of biscuits and coffee varies with income. Which statement about the income elasticity of demand over the range of income shown is correct?
- AFor biscuits it is greater than 1.
- BFor biscuits it is zero.
- CFor coffee it is less than 1.
- DFor coffee it is unitary.
As printed in the paper
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Correct answer: A. For biscuits it is greater than 1.
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