Price elasticity of demand (PED)
2.7What the syllabus asks of you
- definition of PED
- calculation of PED Calculation of PED using the formula and interpreting the significance of the result. Drawing and interpretation of demand curve diagrams to show different PED.
- determinants of PED The key influences on whether demand is elastic or inelastic.
- PED and total spending on a product/ The relationship between PED and total spending on a product/revenue, both in a diagram and as a revenue calculation.
- significance of PED The implications for decision making by consumers, producers and government.
Read the notes first
Chapter 2: Price elasticity of demand (PED)
Drill this topic
Every question on Price elasticity of demand (PED), untimed, marked as you go.
Make a worksheet
Choose the years and how many questions, then print it with the answers on separate pages.
15 questions
1May / June 2025 · Paper 11 · Q7Show mark scheme →
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2Oct / Nov 2024 · Paper 12 · Q8Show mark scheme →
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3May / June 2024 · Paper 11 · Q7Show mark scheme →
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4Oct / Nov 2023 · Paper 12 · Q7Show mark scheme →
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5Oct / Nov 2023 · Paper 12 · Q8Show mark scheme →
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6May / June 2023 · Paper 11 · Q7Show mark scheme →
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7May / June 2023 · Paper 11 · Q21Show mark scheme →
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8May / June 2023 · Paper 12 · Q6Show mark scheme →
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9Oct / Nov 2022 · Paper 11 · Q7Show mark scheme →
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10Oct / Nov 2022 · Paper 12 · Q7Show mark scheme →
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11May / June 2022 · Paper 12 · Q7Show mark scheme →
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12Oct / Nov 2021 · Paper 11 · Q8Show mark scheme →
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13Oct / Nov 2021 · Paper 12 · Q8Show mark scheme →
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14May / June 2020 · Paper 11 · Q4Show mark scheme →
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15May / June 2020 · Paper 12 · Q7Show mark scheme →
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