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

Price elasticity of demand (PED) — practice question

The table presents the demand and supply for spices in a market in Africa. When the price increases from $\$20$ to $\$30$ per kg, what is the price elasticity of demand (PED) for spices?

A$0.25$
B$0.5$
C$1.0$
D$2.0$

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