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

Price elasticity of demand (PED) — practice question

The price elasticity of demand (PED) for bottled water is $-0.9$. What is likely to happen to the quantity demanded for bottled water if its price rises by $10\%$?

  • Adecrease by $0.9\%$
  • Bdecrease by $9\%$
  • Cincrease by $0.9\%$
  • Dincrease by $9\%$

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