Note AcademyNote Academy
Start

Economics (AS & A Level) · Feb / March 2025 · Paper 12 · Question 11

9708Price elasticity, income elasticity and cross elasticity of demand

A decrease in the quantity demanded of a product results in a proportionate decrease in sales revenues. What is true about its price elasticity of demand?

  1. AIt is between zero and one.
  2. BIt is infinite.
  3. CIt is unitary.
  4. DIt is zero.

As printed in the paper

Show the answer

Correct answer: B. It is infinite.

Sit this whole paper →More on Price elasticity, income elasticity and cross elasticity of demand

Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.