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 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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