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1.2.3 Price, income and cross elasticities of demand

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Question 13

Oat milk and almond milk have a positive cross-elasticity of demand. This implies that these goods are:

A

complements

B

inferior

C

normal

D

substitutes

Markscheme

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

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.

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