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 23

Table 1: Household Income and Demand Data for 'Saver-Value' Toilet Paper

VariableYear 1Year 2
Average Monthly Household Income£4,000£4,600
Monthly Quantity Demanded of 'Saver-Value' Toilet Paper (packs)50,00035,000

Using the data in Table 1, explain whether 'Saver-Value' toilet paper is a normal good or an inferior good.

[3]

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