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

Price elasticity of demand — practice question

The diagrams show the demand curves for three goods X, Y and Z. They have been drawn on the same scale and may be used to illustrate the price elasticity of each good. The three goods are lamb only, all meat and all food. Which arrangement of goods is most likely to match lamb only, all meat and all food?

  • Agood X: food; good Y: meat; good Z: lamb
  • Bgood X: lamb; good Y: meat; good Z: food
  • Cgood X: lamb; good Y: food; good Z: meat
  • Dgood X: meat; good Y: lamb; good Z: food

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