Which one of the following is most likely to be a determinant of the price elasticity of demand for a Spotify Premium subscription?
Availability of alternative music streaming services
A change in the size of the target demographic group
A decrease in the licensing costs for music catalogues
Expected future increases in the subscription price
119 exam-style questions on Edexcel A A Level Economics 1.2.3 Price, income and cross elasticities of demand. Each one has a worked solution and a mark scheme showing where the marks go.