Part 1[3]
Calculate the price elasticity of demand if Su raises the price from $10 to $15 an hour.
Business 9609 · AS & A Level · The nature of marketing
The nature of marketing — practice question
Worked solution & mark scheme
This 3-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Correct final answer: PED = −0.8 (allow 0.8) or equivalent” …
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