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

Price elasticity of demand — practice question

Which elasticity values show that cars are normal goods and that petrol is a complement to using cars?

  • Aincome elasticity of demand (YED) for cars is negative; cross elasticity demand (XED) for petrol relative to changes in car prices is negative
  • BYED is negative; XED is positive
  • CYED is positive; XED is negative
  • DYED is positive; XED is positive

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