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

Income elasticity of demand — practice question

The championship match of a major sporting event takes place in a stadium with a fixed capacity of 40 000 spectators. A ticket is priced at PF, yet once sales begin every ticket is bought almost immediately, leaving many unhappy people unable to obtain one. Which diagram best shows this?

  • A[IMAGE:9708_w18_qp_11_p5_diagram_5]
  • B[IMAGE:9708_w18_qp_11_p5_diagram_2]
  • CDiagram option C
  • D[IMAGE:9708_w18_qp_11_p5_diagram_3]

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