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CAIE A-Level Economics AS 2.2.3 Elasticity Coefficients Questions

Practise explaining how substitutes, necessity, time and the share of income affect price elasticity of demand using CAIE Economics AS questions.

Syllabus
2026–2028
Course
Economics 9708
Level
AS

Exam points

  • Explain the determinants of price elasticity of demand, including availability of substitutes, necessity, time and proportion of income.

CAIE A-Level Economics AS 2.2.3 Elasticity Coefficients Questions question 1

[Maximum number: 1]

Which statement is correct?

A

Demand for an inferior good has a positive relationship to income and a negative relationship to price.

B

Demand for an inferior good has a negative relationship to income and a negative relationship to price.

C

Demand for a normal good has a positive relationship to income and a positive relationship to price.

D

Demand for a normal good has a negative relationship to income and a positive relationship to price.

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