(a)[4]
Using Table 1.2, calculate the price elasticity of demand for shopping tours.
(b)[12]
Evaluate whether price elasticity of demand calculations are sufficient for LT to make pricing decisions.
Business 9609 · AS & A Level · Business strategy
Business strategy — practice question
Worked solution & mark scheme
This 16-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Write the PED formula as: % change in quantity demanded / % change in price” …
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