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

Price elasticity of demand (PED) — practice question

The table shows the demand and supply of coffee in a market in Africa. As the price increases from $20 to $30 per kg, what is the price elasticity of demand for coffee?

  • A0.2
  • B0.5
  • C2.0
  • D5.0

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