The table below shows a consumer's monthly demand for four different services (Service A, Service B, Service C, and Service D) at two levels of monthly disposable income.
| Monthly Disposable Income | Service A | Service B | Service C | Service D |
|---|---|---|---|---|
| £4,000 | 50 | 20 | 30 | 40 |
| £4,800 | 65 | 24 | 27 | 44 |
When monthly disposable income increases from £4,000 to £4,800, for which service does the consumer have an income elasticity of demand (YEDYEDYED) of +1.5?
Service A
Service B
Service C
Service D
256 exam-style questions on AQA A Level Economics 1.3 Price determination in a competitive market, covering 1.3.1 The determinants of the demand for goods and services, 1.3.2 Price, income and cross elasticities of demand, 1.3.3 The determinants of the supply of goods and services, 1.3.4 Price elasticity of supply, 1.3.5 The determination of equilibrium market prices, and 1.3.6 The interrelationship between markets. Each one has a worked solution and a mark scheme showing where the marks go.