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1.2 How markets work

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Question 2

Which one of the following is most likely to be a determinant of the price elasticity of demand for premium organic oat milk?

Availability of close substitute brands of plant-based milk

Change in the size of the consumer population

Increase in the cost of raw packaging materials

Number of unsold cartons of organic oat milk in supermarkets

1.2 How markets work Questions

  1. A Level
  2. /Economics
  3. /1.2 How markets work