Skip to content
MathsGenie logo
Open app

Course home

  1. IGCSE
  3. Economics Edexcel
  5. Question bank

The market system

EasyMediumHard
12345678910111213141516171819202122232425262728293031323334353637383940414243444546474849505152535455565758596061
Question 39

A product has an income elasticity of demand (YED) of +1.25.

Which one of the following best describes this product?

An inferior good

A luxury good

A public good

A free good

The market system Questions

  1. IGCSE
  2. /Economics
  3. /The market system