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

Price elasticity of demand — practice question

On the diagram, the area OP1M1Q1 is the same as the area OP2M2Q2. What is the value of the price elasticity of demand if the price falls by half from P1 to P2?

  • Azero
  • B–0.5
  • C–1
  • Dinfinity

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