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Economics (AS & A Level) · Oct / Nov 2025 · Paper 12 · Question 8

9708Price elasticity, income elasticity and cross elasticity of demand

The diagram shows the demand curve for a product. What is the price at which the price elasticity of demand is unit elastic?

  1. A$0
  2. B$50
  3. C$100
  4. Devery price along the demand curve

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Correct answer: B. $50

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