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1.1.4.s Business and government uses of demand elasticities

Syllabus
2026
Objective
1.1.4
Level

1.1.4.s Business and government uses of demand elasticities

The significance of price and income elasticities of demand to businesses and the government, in terms of:

  • the imposition of indirect taxes and subsidies
  • changes in income.
ConceptIGCSE Economics