A football club raises all stadium seat prices by 5%. The demand for seats falls by 1% in zone W, by 3% in zone X, by 5% in zone Y and by 6% in zone Z. In which zone is the responsiveness of demand for seats to the price change elastic?

zone Z

Related Economics GCSE answers

All answers ▸

Discuss how effective a reduction in income tax would be in encouraging economic growth.


Explain one possible effect on the equilibrium market price of an increase in production costs for firms. (2 marks)


How should put in my essays for 25 mark questions?


Name four changes that would cause an increase in an individual consumer's demand for a good or service.