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

Price elasticity of demand (PED) — practice question

The table lists the quantity demanded at several different prices. Prices and quantities demanded are: - price $\$6$, quantity $3$ - price $\$5$, quantity $4$ - price $\$4$, quantity $5$ - price $\$3$, quantity $7$ - price $\$2$, quantity $9$ For which reduction in price is demand price-inelastic?

  • Afrom $\$6$ to $\$5$
  • Bfrom $\$5$ to $\$4$
  • Cfrom $\$4$ to $\$3$
  • Dfrom $\$3$ to $\$2$

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