Economics (AS & A Level) · May / June 2023 · Paper 13 · Question 10
9708Price elasticity, income elasticity and cross elasticity of demand
When the price of a firm's product falls by 5%, its total revenue also falls by 5%. What describes the product's price elasticity of demand?
- Aelastic
- Binfinite
- Cunitary
- Dzero
As printed in the paper
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Correct answer: D. zero
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