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Economics · May / June 2023 · Paper 12 · Question 6

2281Price elasticity of demand (PED)

Which price elasticity of demand (PED) would cause an increase in total revenue if the price of the good increased?

  1. Aperfectly elastic
  2. Brelatively elastic
  3. Crelatively inelastic
  4. Dunitary elastic

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Correct answer: C. relatively inelastic

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