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Elasticity

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Question 43

Which of the following is the most likely numerical value for the income elasticity of demand (YED) of a premium luxury holiday package, which is classified as a luxury good?

+0.35+0.35+0.35

−1.8-1.8−1.8

+2.6+2.6+2.6

−0.15-0.15−0.15

Elasticity Questions

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