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 31

Table 1: Income and Demand Data for 'Value-Range' White Bread

VariableYear 1Year 2
Average Weekly Household Income£500£550
Quantity Demanded of 'Value-Range' White Bread (units)8,0007,200

Using the data in Table 1, explain whether 'Value-Range' white bread 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