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1.2.4 Price elasticity of demand & 1.2.5 Income elasticity of demand Categorise
Target Level
C
Running Total
0
0%
Attempt
1 of 1
Click on an item, then click on a category to place it. Or, drag and drop the item into the correct category. Organise all items before clicking 'Check'.
INFERIOR GOODS
NORMAL GOODS
Consumers demand less as incomes increase
Consumers may demand more of these goods if they get promoted
As incomes fall demand rises
Positive YED value
Consumers may buy these goods if they lose their job
As incomes rise demand falls
Negative YED values
Consumers will demand more as incomes increase
As incomes fall demand falls
As incomes rises demand rises