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

Price elasticity of demand (PED) — practice question

The table presents the demand and supply for spices in a market in Africa. If the price increases from US$20 to US$30 per kg, what is the price elasticity of demand (PED) for spices?

A0.25
B0.5
C1.0
D2.0

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