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Edexcel IGCSE Economics 1.1.4 Q Calculating Income Elasticity of Demand Questions

Practise YED calculation questions by dividing demand change by income change, showing working and rounding to two decimals.

Syllabus
First assessment 2019
Course
Economics 4EC1

Exam points

  • Calculate YED by dividing percentage change in quantity demanded by income change.
  • Show working clearly and round the final YED value to two decimal places.

Edexcel IGCSE Economics 1.1.4 Q Calculating Income Elasticity of Demand Questions question 1

[Maximum number: 2]

Calculate, to two decimal places, the income elasticity of demand (YED) for a good if income increases by 6.2% and quantity demanded increases by 1.7%. You are advised to show your working.

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