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

Income elasticity of demand — practice question

Which statement regarding market disequilibrium is correct?

  • APrice is likely to change.
  • BSupply is equal to demand.
  • CThe government must intervene.
  • DThere must be shortages.

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