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1.2.3 Price, income and cross elasticities of demand

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Question 25

Petrol cars and electric vehicles (EVs) are considered to be substitutes. Explain how changes in the price of petrol cars may affect the demand for electric vehicles (EVs) over time.

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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