Economics - Microeconomics - Price elasticity of demand - PED Calculations

6 calculation problems. Q1: 'Price rises 10%, quantity demanded falls 20%. PED = ___' (-2, elastic). Q2: 'Price rises 20%, quantity demanded falls 5%. PED = ___' (-0.25, inelastic). Q3: 'PED = -1.5. If price rises by 10%, quantity demanded changes by ___' (-15%). Q4: 'A good with PED = -0.3 has ___

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Economics - Microeconomics - Price elasticity of demand - PED Calculations
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Economics - Microeconomics - Price elasticity of demand - PED Calculations

vivmagarwal
vivmagarwalJan 29, 2026

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6 calculation problems. Q1: 'Price rises 10%, quantity demanded falls 20%. PED = ___' (-2, elastic). Q2: 'Price rises 20%, quantity demanded falls 5%. PED = ___' (-0.25, inelastic). Q3: 'PED = -1.5. If price rises by 10%, quantity demanded changes by ___' (-15%). Q4: 'A good with PED = -0.3 has ___

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EconomicsMicroeconomicsClass 11, Class 11, DP Grade 11, A Level, Grade 11

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