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

Cross elasticity of demand — practice question

The diagram illustrates what happens when a landowner, who has previously allowed motorists to park in his field free of charge, starts charging $1 for parking. What is the resulting loss of consumer surplus?

  • AX only
  • BX + Y
  • CY only
  • DY + Z

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI