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

Income elasticity of demand — practice question

A market is in unstable disequilibrium when, after being displaced from equilibrium, it does not move back to its equilibrium point. The diagram represents a market with two equilibrium points. At what price is the market in unstable disequilibrium?

  • Aprice at A
  • Bprice at B
  • Cprice at C
  • Dprice at D

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