Economics 2281 · O Level · Price elasticity of demand (PED)

Price elasticity of demand (PED) — practice question

A football club increases every stadium seat price by $5\%$. The stadium is split into four zones. Seat demand decreases by $1\%$ in zone W, by $3\%$ in zone X, by $5\%$ in zone Y and by $6\%$ in zone Z. In which zone is the demand for seats elastic in response to the price change?

  • Azone W
  • Bzone X
  • Czone Y
  • Dzone Z

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