Skip to content
MathsGenie logo
Open app

Course home

  1. A Level
  2. Economics OCR
  3. Question bank

Elasticity

EasyMediumHard
1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950
Question 18

The weekly sales of a smart home assistant hub fall from 25,000 units to 15,000 units when the subscription price of a compatible automation service rises by 16%.

In relation to the price of the automation service, what is the cross elasticity of demand (XED) for the smart home assistant hub?

−0.4-0.4−0.4

+0.4+0.4+0.4

−2.5-2.5−2.5

+2.5+2.5+2.5

Elasticity Questions

  1. A Level
  2. /Economics
  3. /Elasticity