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1.2.3 Price, income and cross elasticities of demand

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Question 15

A ban on single-use plastic coffee pod machines in offices will reduce the demand for compatible coffee pods. This is because:

A

consumers are irrational

B

consumers expect the price of coffee pods to rise

C

the goods are complements

D

the goods are 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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