Economics 9708 · AS & A Level · Price elasticity of demand

Price elasticity of demand — practice question

The table provides data on the market for two car models. If the prices of the cars stay the same, but the price of petrol rises by 100 %, what effect will this have on the number of cars sold each week?

  • Aincrease by 5000
  • Bno change
  • Cdecrease by 5000
  • Ddecrease by 15 000

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