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1.2.3 Price, income and cross elasticities of demand

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Question 1

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

1.2.3 Price, income and cross elasticities of demand Questions

  1. A Level
  2. /Economics
  3. /1.2.3 Price, income and cross elasticities of demand