Economics 9708 · AS & A Level · Cross elasticity of demand

Cross elasticity of demand — practice question

The table provides details about the 2011 Australian Grand Prix in Australian dollars (AUD). What was the worth of the welfare outcome from staging the Australian Grand Prix?

  • A–AUD 49 million
  • B–AUD51 million
  • C–AUD53 million
  • D–AUD63 million

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