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

Price elasticity of demand — practice question

The diagram illustrates the link between the price and the total expenditure on a good. Which statement is correct?

  • AThe income elasticity of demand for the commodity is unity.
  • BThe income elasticity of demand for the commodity is zero.
  • CThe price elasticity of demand for the commodity is unity.
  • DThe price elasticity of demand for the commodity is zero.

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