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2.6.2—Calculation of PED

Syllabus
0455–2027–2028
Objective
2.6.2
Level

2.6.2—Calculation of PED

  • calculation of PED using the formula
  • interpretation of the significance of the PED value: perfectly inelastic, inelastic, unitary, elastic, perfectly elastic
  • drawing and interpretation of demand curve diagrams to show different PED
ConceptIGCSE Economics