Edexcel International AS and A level Economics XEC11/YEC11 · 1.3.2.3.i
Interpreting cross elasticity of demand
- Code
- 1.3.2.3.i
- In
- 1.3.2.3 Price, income and cross-elasticities of demand
- Topic
- 1.3 Markets in action
- Course
- International AS and A level Economics XEC11/YEC11
- Board
- Edexcel
Grade boundaries·Edexcel command words
Codes and titles are read by a script from Edexcel's published specification and have not been checked by a person. What each point covers is in the specification itself: Edexcel’s specification.
Points in 1.3.2.3 Price, income and cross-elasticities of demand
- 1.3.2.3.a The concepts of ‘price’, ‘income’ and ‘cross-elasticities of demand’
- 1.3.2.3.b How to use formulae to calculate price, income and cross-elasticities of demand
- 1.3.2.3.c Interpretation of numerical values of price elasticity of demand
- 1.3.2.3.d The factors influencing price elasticity of demand
- 1.3.2.3.e How to calculate total revenue
- 1.3.2.3.f How price elasticity of demand varies along a straight line demand curve
- 1.3.2.3.g The relationship between price elasticity of demand and total revenue
- 1.3.2.3.h Interpretation of numerical values of income elasticity of demand
- 1.3.2.3.i Interpreting cross elasticity of demand
- 1.3.2.3.j Significance of elasticities of demand