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

Income elasticity of demand — practice question

The final match of a major sports event takes place in a stadium with a fixed capacity of 40 000 people. The ticket price is PF, but when sales begin all of the tickets are bought very rapidly, and many people are left disappointed because they cannot get one. Which diagram shows this situation best?

  • A[IMAGE:9708_s15_qp_13_p6_diagram_5]
  • Bdiagram B
  • C[IMAGE:9708_s15_qp_13_p6_diagram_6]
  • D[IMAGE:9708_s15_qp_13_p6_diagram_3]

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