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Cambridge A Level Economics 9708 October November 2024 Paper 2, Variant 2 – Sample Answers and Examiner Commentary – Question 2

Question:

2 (a) With the help of a diagram(s), briefly explain how the cause of a movement along the demand curve differs from the cause of a shift in the demand curve and consider the impact on the demand for one good of price changes in other goods. [8] (b) Assess whether knowledge of income elasticity of demand or price elasticity of demand for its product is more useful to a business aiming to increase the total expenditure on its product during a period of economic growth. [12]

Sample Answer:

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