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

Price elasticity of demand — practice question

The table presents a consumer’s spending on a variety of goods at different income levels. For which good does the consumer have an income elasticity of demand above zero, but below one?

  • AGood A: expenditure 10, 18, 40 at incomes 40,50,100
  • BGood B: expenditure 10, 11, 20 at incomes 40,50,100
  • CGood C: expenditure 10, 10, 10 at incomes 40,50,100
  • DGood D: expenditure 10, 8, 6 at incomes 40,50,100

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