Question 1

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)