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

Price elasticity of demand — practice question

The diagram illustrates how total expenditure changes with price for three products, 1, 2 and 3. Which curves show the products with price elastic demand and unitary price elasticity of demand?

  • Aelastic 1; unitary 2
  • Belastic 2; unitary 3
  • Celastic 3; unitary 1
  • Delastic 3; unitary 2

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