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

Price elasticity of demand (PED) — practice question

Price elasticity of demand (PED) shows how responsive demand is when price changes. It may vary between different goods. According to the table, which good has the most elastic PED?

  • Abutter
  • Bcars
  • Cfurniture
  • Dpetrol

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