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

Price elasticity of demand (PED) — practice question

As the price of shirts increases from $8$ to $10$, demand for shirts decreases from $1000$ to $500$. Calculate the price elasticity of demand for shirts.

  • Agreater than $1$
  • Bunitary
  • Cless than $1$
  • Dzero

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI