Economics 9708 · AS & A Level · Demand and supply curves

Demand and supply curves — practice question

The demand for a commodity has unitary price elasticity. Which diagram illustrates how total expenditure on the commodity varies with its price?

  • A[IMAGE:9708_s10_qp_11_p4_diagram_6]
  • B[IMAGE:9708_s10_qp_11_p4_diagram_5]
  • Cdiagram C
  • D[IMAGE:9708_s10_qp_11_p4_diagram_3]

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