In this question you’ll see a lettered description of a particular situation involving CED. In each case try to match the letter for the description with the number (i) to (v) representing the correct...

In this question you’ll see a lettered description of a particular situation involving CED. In each case try to match the letter for the description with the number (i) to (v) representing the correct term.

Description

(a) The purchase of books from the campus bookshop falls dramatically every time the price of beer rises.

(b) A fall in the price of CDs has had no effect on the quantity of books sold.

(c) Every time the price of designer jeans falls there is a large increase in the sales of higher-quality trainers.

(d) A 5% rise in the price of cinema admissions leads to a 1% decrease in ice cream sales in the cinema.

(e) A 10% fall in the price of cigarettes leads to a 1% decrease in the purchase of cigars.

Terms

(i) Large negative value for CED

(ii) Large positive value for CED

(iii) Small negative value for CED

(iv) Small positive value for CED

(v) Zero value for CED