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

Cross elasticity of demand — practice question

The diagram illustrates the supply and demand curves for bananas. What occurs to consumer surplus as the price rises from P1 to P2?

  • AIt decreases by P2VW.
  • BIt decreases from P1VY to P2VW.
  • CIt increases by WXY.
  • DIt increases from P1YZ to P2WYZ.

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