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

Price elasticity of demand — practice question

The demand for a commodity has unitary price elasticity. Which diagram illustrates how total expenditure on the commodity is related to its price?

  • A[IMAGE:9708_w14_qp_12_p5_diagram_7]
  • B[IMAGE:9708_w14_qp_12_p5_diagram_6]
  • C[IMAGE:9708_w14_qp_12_p5_diagram_5]
  • D[IMAGE:9708_w14_qp_12_p5_diagram_4]

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