DP Economics Questionbank
Income elasticity of demand and its determinants
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Description
[N/A]Directly related questions
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17M.1.SL.TZ2.01a:
Explain why an increase in incomes over time may lead to an increase in demand for some goods but a decrease in demand for other goods.
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21M.3.HL.TZ0.1f:
Good A and Good B are in joint supply.
Using a diagram to support your answer, explain the impact on the market for Good B of an increase in the price of Good A.
- 21M.3.HL.TZ0.1d: The demand for Good Z is income inelastic. Define the term income inelastic demand.
