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Card 1 of 22

According to the law of demand, what usually happens when price rises?

A

Quantity demanded remains unchanged.

B

Quantity demanded rises.

C

Demand shifts to the right.

D

Quantity demanded falls.

Card 1 of 22

Price elasticity of demand Flashcards

  1. A Level
  2. /Business
  3. /Price elasticity of demand

22 flashcards on Edexcel A Level Business Price elasticity of demand: the key terms, formulae and case studies you need to recall for Paper 1, Paper 2 and Paper 3.

Flashcards