AS Paper 1, June 2019Introduction to Markets and Market Failure
AS Paper 1, June 2019, Q3(a)
The most likely cross price elasticity of demand for close substitutes is:
Multiple choice1 mark
Context
Amazon Prime, Netflix and NowTV all charge £7.99 per month for streaming very similar film and television services.
A– 2.1
B– 0.1
C+ 0.1
D+ 2.1