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1.2.3 Price, income and cross elasticities of demand

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Question 16

The price elasticity of demand for artisanal single-origin coffee beans is -1.75. Explain the change to the total revenue of the coffee estate as a result of increasing their prices.

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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