Skip to content
MathsGenie logo
Quick links
Open app

Course home

  1. A Level
  3. Economics Edexcel A
  5. Question bank

1.2.3 Price, income and cross elasticities of demand

EasyMediumHard
123456789101112131415161718192021222324252627282930313233343536
Question 22

Gas central heating boilers and electric air-source heat pumps are considered by homeowners to be substitute heating systems. Explain how a sustained increase in the price of gas boilers may affect the demand for electric air-source heat pumps over time.

[6]

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