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Card 1 of 24

Price elasticity of demand is calculated as [...]\text{[...]}[...].

A

PED=%ΔQd%ΔP\text{PED}=\dfrac{\%\Delta Q_d}{\%\Delta P}PED=%ΔP%ΔQd​​

B

PED=%ΔP%ΔQd\text{PED}=\dfrac{\%\Delta P}{\%\Delta Q_d}PED=%ΔQd​%ΔP​

C

PED=ΔQdΔP\text{PED}=\dfrac{\Delta Q_d}{\Delta P}PED=ΔPΔQd​​

D

PED=%ΔQd%ΔY\text{PED}=\dfrac{\%\Delta Q_d}{\%\Delta Y}PED=%ΔY%ΔQd​​

Card 1 of 24

1.3.2 Price, income and cross elasticities of demand Flashcards

  1. A Level
  2. /Economics
  3. /1.3.2 Price, income and cross elasticities of demand

24 flashcards on AQA A Level Economics 1.3.2 Price, income and cross elasticities of demand: the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3.

Flashcards