Practice Exam Questions
Elasticity and Total Revenue (MCQ Revision Questions)
- Level:
- AS, A-Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 30 Apr 2017
Here is a question that requires students to understand how the coefficient of price elasticity of demand varies along a downward sloping industry demand curve and the link between PED and total revenue.
You might also like
Significance of PED with Indirect Taxes
Topic Videos
Price Elasticity of Demand for Primary Commodities
Topic Videos
Elasticity of Demand Revision Resources
3rd December 2022
Burgernomics - McDonald's raises cheeseburger prices by 20%
29th July 2022
Amazon Raises Prime Prices in the UK and Europe
27th July 2022