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  3. Economics Edexcel A
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1.2 How markets work

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Question 31

Explain why a premium brand might aim to maintain a highly income elastic demand (YED>1YED > 1YED>1) for its products during a period of sustained economic recovery.

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1.2 How markets work Questions

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