Economics · Oct / Nov 2021 · Paper 12 · Question 8
2281Price elasticity of demand (PED)
The table shows the quantity demanded at different prices. | price $ | quantity demanded | |---|---| | 6 | 3 | | 5 | 4 | | 4 | 5 | | 3 | 7 | | 2 | 9 | For which fall in price is the demand price-inelastic?
- Afrom $6 to $5
- Bfrom $5 to $4
- Cfrom $4 to $3
- Dfrom $3 to $2
As printed in the paper
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Correct answer: D. from $3 to $2
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