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CAIE A-Level Economics AS 2.2.1 Ped Yed and Xed Questions

Practise defining and calculating price, income and cross elasticities of demand, and interpreting their signs and magnitudes using CAIE Economics AS questions.

Syllabus
2026–2028
Course
Economics 9708
Level
AS

Exam points

  • Define and calculate price, income and cross elasticities of demand and interpret their signs and magnitudes for related goods and consumer income.

CAIE A-Level Economics AS 2.2.1 Ped Yed and Xed Questions question 1

[Maximum number: 1]

What can be measured by cross-elasticity of demand?

A

a change in real income as a result of a change in the price of consumer goods

B

a change in the demand for a good in response to a change in the price of a complement

C

a change in the price of a good in response to a change in the demand for a substitute

D

a change in the price of a good when the demand for it changes

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