Question: Question 1 2 / 13 100% SECTION A Answer A1 1 the questions in this section. QUESTION 1 [100 MARKS] (4 Marks) Table 1 below

Question 1

2 / 13 100% SECTION A Answer A1 1 the questions inthis section. QUESTION 1 [100 MARKS] (4 Marks) Table 1 below showsthe income elasticity of demand and cross elasticity of demand. Given thatproduct, Y, is an inferior good with no close substitutes. It IS

2 / 13 100% SECTION A Answer A1 1 the questions in this section. QUESTION 1 [100 MARKS] (4 Marks) Table 1 below shows the income elasticity of demand and cross elasticity of demand. Given that product, Y, is an inferior good with no close substitutes. It IS a compliment to Z. Which best describes Y? Ta e 1.1 c D Income elasticity of demand negative positive negative positive Cross elasticity of demand with products positive negative negative (4 Marks)

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