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

Price elasticity of demand — practice question

The demand for a commodity is price elastic with unitary price elasticity. Which diagram illustrates the link between total expenditure on the commodity and its price?

  • A[IMAGE:9708_s10_qp_13_p3_diagram_6]
  • B[IMAGE:9708_s10_qp_13_p3_diagram_5]
  • C[IMAGE:9708_s10_qp_13_p3_diagram_4]
  • Ddiagram D

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI