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

Price elasticity of demand (PED) — practice question

The table gives the quantity demanded at different prices. Prices with quantities demanded: - price $\$6$, quantity demanded $3$ - price $\$5$, quantity demanded $4$ - price $\$4$, quantity demanded $5$ - price $\$3$, quantity demanded $7$ - price $\$2$, quantity demanded $9$ For which decrease in price is demand price-inelastic?

  • Afrom $\$6$ to $\$5$
  • Bfrom $\$5$ to $\$4$
  • Cfrom $\$4$ to $\$3$
  • Dfrom $\$3$ to $\$2$

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