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

Cross elasticity of demand — practice question

The separate regions on the diagram each stand for a different aspect of a market. Which row correctly identifies the three variables shown?

  • Aconsumer surplus: RST; producer surplus: TUOG; total consumer expenditure: STEU
  • Bconsumer surplus: RST; producer surplus: UST; total consumer expenditure: STGO
  • Cconsumer surplus: RTU; producer surplus: UTE; total consumer expenditure: STGO
  • Dconsumer surplus: RTEU; producer surplus: TEF; total consumer expenditure: RFU

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