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

Income elasticity of demand — practice question

In 2016, car drivers bought a larger quantity of fuel (gas) because the price of the oil used to produce it had decreased. Which diagram illustrates this change in the market for fuel?

  • A[IMAGE:9708_m18_qp_12_p4_diagram_5]
  • B[IMAGE:9708_m18_qp_12_p4_diagram_4]
  • C[IMAGE:9708_m18_qp_12_p4_diagram_2]
  • D[IMAGE:9708_m18_qp_12_p4_diagram_3]

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