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

Price elasticity of demand (PED) — practice question

As the price of shirts increases from 8 to 10, demand for shirts decreases from 1000 to 500. What is the value of the price elasticity of demand for shirts?

  • Agreater than 1
  • Bunitary
  • Cless than 1
  • Dzero

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI