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A Level
Economics Edexcel A
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1.2 How markets work

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Question 42

A market research firm calculates that the income elasticity of demand ( $Y E D$ ) for a supermarket's own-brand instant coffee is -0.35. What does this value indicate about the demand for this product?

Income elastic and an inferior good

Income inelastic and an inferior good

Income inelastic and a normal good

Income elastic and a normal good

1.2 How markets work Questions

A Level
Economics
1.2 How markets work