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

Price elasticity of demand (PED) — practice question

What is the value of price elasticity of demand (PED) for a product when total revenue stays unchanged after the price is lowered?

  • Azero
  • Bbetween 0 and 1
  • Cgreater than 1
  • D1

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