1.3.2.4c - Factors affecting PED

Explain factors that influence price elasticity of demand.

Use c - factors affecting ped to connect the rule to the data and decision in the question.

This matters because c - factors affecting ped determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.

Example: apply c - factors affecting ped to one small, clearly defined case, show the key step or comparison, and explain the result in words.

Boundary: c - Factors affecting PED is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.