A-level Paper 1, June 2022Markets and Business Behaviour
A-level Paper 1, June 2022, Q2(c)
Using the data on page 4, which one of the following is most likely?
Multiple choice1 mark
Context
The table below shows data on the drinks market in Chile in 2017. Price elasticity of demand for sweetened drinks –1.37 Cross price elasticity of demand for bottled water +0.63 in response to a price change in sweetened drinks …
ADecrease Complements
BDecrease Substitutes
CIncrease Complements
DIncrease Substitutes
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