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

Price elasticity of demand — practice question

Which product shows the lowest price elasticity of demand? (table: price rises by (%) / quantity demanded falls by (%))

  • Aprice rises by 0%; quantity demanded falls by 10%
  • Bprice rises by 5%; quantity demanded falls by 5%
  • Cprice rises by 10%; quantity demanded falls by 5%
  • Dprice rises by 10%; quantity demanded falls by 0%

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