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

Price elasticity of demand — practice question

The table presents Lee’s and Yim’s price elasticity of demand for restaurant meals and cinema tickets. The price of restaurant meals increases while the price of cinema tickets decreases. What conclusion can be drawn from these changes in price?

  • ARestaurant owners will receive more income.
  • BLee will spend more money on both cinema tickets and restaurant meals.
  • CYim will spend more money on both cinema tickets and restaurant meals.
  • DCinema owners will receive less income.

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