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Economics (AS & A Level) · Oct / Nov 2023 · Paper 11 · Question 8

9708Price elasticity, income elasticity and cross elasticity of demand

The cross-elasticity of demand between good P and good Q is –0.4. The cross-elasticity of demand between good P and good R is +0.6. Which combination of goods is most likely to be represented by this information?

  1. Acream, yoghurt, raspberry
  2. Byoghurt, strawberry, raspberry
  3. Cstrawberry, cream, raspberry
  4. Dstrawberry, raspberry, cream

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Correct answer: C. strawberry, cream, raspberry

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