A recent study has found that the price elasticity of demand for cigarettes in the USA is –0.7. What can be concluded from this information? 0455_s13_qp_12 MCQ 2013 Paper 1, Variant 2 View
Some goods take a greater percentage of a typical household’s total spending than others. How is this accounted for in the construction of a Retail Price Index? 0455_w16_qp_12 MCQ 2016 Paper 1, Variant 2 View