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

Price elasticity of demand (PED) — practice question

A football club increases every stadium seat price by 5%. The stadium is split into four zones. Seat demand decreases by 1% in zone W, by 3% in zone X, by 5% in zone Y and by 6% in zone Z. In which zone is the demand for seats responsive enough to the price change to be elastic?

  • Azone W
  • Bzone X
  • Czone Y
  • Dzone Z

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