Note AcademyNote Academy
Start

Economics (AS & A Level) · May / June 2026 · Paper 13 · Question 7

9708Price elasticity, income elasticity and cross elasticity of demand

The price elasticity of demand for a good is highly elastic. What is the impact on expenditure on this good when its price increases?

  1. Adecreases
  2. Bincreases by a large amount
  3. Cincreases by a small amount
  4. Dstays unchanged

As printed in the paper

Show the answer

Correct answer: A. decreases

Sit this whole paper →More on Price elasticity, income elasticity and cross 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.