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

Price elasticity of demand — practice question

The diagram illustrates the link between total expenditure and price for three products, 1, 2 and 3. Which curves show the products that have price elastic demand and unitary price elastic demand?

  • Aelastic: 1, unitary: 2
  • Belastic: 2, unitary: 3
  • Celastic: 3, unitary: 1
  • Delastic: 3, unitary: 2

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