Economics 0455 · IGCSE · Price elasticity of demand (PED)

Price elasticity of demand (PED) — practice question

A business is considering raising the price of its product to twice the current level. Which price elasticity of demand (PED) for the product would lead to the largest increase in revenue?

  • A$0.0$
  • B$-0.5$
  • C$-1.0$
  • D$-2.0$

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