Edexcel IGCSE Economics 1.1.4 E Interpreting Ped Values Questions

Practise PED interpretation questions by selecting elasticity categories from numerical values, table options and demand scenarios.

Exam points

Select elastic demand from PED values where the absolute value is greater than one.
Distinguish inelastic, unitary and perfectly elastic values in option tables.

[Maximum number: 1]

Which one of the following products has a price inelastic demand?

Product

Price elasticity of demand (PED)

-1.5

-1

-0.5

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