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

Income elasticity of demand — practice question

The diagrams present some data about oil (world oil production and brent crude price for 2013–2015). Which diagram shows how the oil market changed between 2013 and 2015?

  • A[IMAGE:9708_s18_qp_13_p6_diagram_4]
  • B[IMAGE:9708_s18_qp_13_p6_diagram_5]
  • C[IMAGE:9708_s18_qp_13_p6_diagram_3]
  • D[IMAGE:9708_s18_qp_13_p6_diagram_6]

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