CourseCourseConceptConceptDocsDocuments

IB Economics SL 2.5.2 Price Elasticity of Demand Questions

Practise IB Economics SL 2.5.2 by using the PED formula, interpreting elastic and inelastic demand, and linking price changes to quantity or revenue with marked exam evidence.

Syllabus
First assessment 2022
Course
Economics SL
Level
SL

Exam points

  • Calculate or rearrange the PED relationship using percentage changes in quantity demanded and price.
  • Interpret PED values, including the meaning of a value below one and the inverse price–quantity relationship.
  • Explain how price changes affect quantity demanded and revenue when demand is inelastic.

No Questions Yet

Questions will appear here when available.