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2.6.4—PED, consumer expenditure and firms’ revenue

Syllabus
0455–2027–2028
Objective
2.6.4
Level

2.6.4—PED, consumer expenditure and firms’ revenue

  • effect of price changes on the amount spent by consumers and revenue raised by firms, shown both in a diagram and as a calculation
  • relationship between PED and the amount spent by consumers and revenue raised by firms
ConceptIGCSE Economics