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

Income elasticity of demand — practice question

During a disease outbreak, the demand for medical face masks is greater than the supply. What is the most likely reason for this excess demand?

  • ASome consumers do not have effective demand.
  • BThe demand for medical face masks is price inelastic in the short run.
  • CThe price of medical face masks is fixed below the equilibrium price.
  • DThe supply of medical face masks is inelastic in the short run.

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