CAIE IGCSE Economics 2.6.2 Calculation of Ped Questions
Practise Cambridge IGCSE Economics by calculating PED, classifying demand responsiveness and applying elasticity to revenue.
- Syllabus
- 2027–2029
- Course
- Economics 0455
Exam points
- Calculate price elasticity of demand from percentage changes in price and quantity demanded.
- Interpret PED values as elastic, inelastic or unit elastic demand.
- Use PED to predict how price changes affect quantity demanded and revenue.
CAIE IGCSE Economics 2.6.2 Calculation of Ped Questions question 1
[Maximum number: 1]
A German car producer estimates the price elasticity of demand (PED) for its cars is -2.0 . What can be concluded from this information?
A
its cars are price elastic
B
its cars are price inelastic
C
its cars are unitary elastic
D
its cars take time to produce
A
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