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1.2.3 Price, income and cross elasticities of demand

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Question 44

An electronics manufacturer produces a virtual reality (VR) headset that requires a subscription to their proprietary online gaming platform to function. The headset cannot run any third-party software, and the platform cannot be accessed without the headset.

Which of the following is the most likely cross-price elasticity of demand ( $X E D$ ) for the proprietary platform subscription with respect to the price of the VR headset?

$+ 1.5$

$+ 0.2$

$- 1.5$

$- 0.2$

Markscheme

1.2.3 Price, income and cross elasticities of demand Questions

A Level
Economics
1.2.3 Price, income and cross elasticities of demand

119 exam-style questions on Edexcel A A Level Economics 1.2.3 Price, income and cross elasticities of demand. Each one has a worked solution and a mark scheme showing where the marks go.

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